My last call on $ARKW was here. Now, while we are moving in the right direction, I am seeing topping signs in many places, and the bears might have the bulls right where they need them to be. So, I am cancelling that call. A couple of reasons, the biggest one of which is the extra dip we’ve had since that original call (which has become minor [green] B on the count below). It makes counting that whole thing as a “2” a bit odd, because it’s now so big.
So, reconsidering the structure, it all counts well as a correction, too, and we would expect intermediate (orange) B to top out right in the range of the box it’s in now. This breach of trend line might very well be a terrific bull trap. The expected target for another leg down in the correction would take us to the orange box below, and I think there is a very good chance we may do so.
Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.