ARKMUSDT ShortARKMUSDT has pressed up against the 50 EMA on the 4H chart. An ABCDE reversal pattern based on Elliott Waves has formed — all lining up for a short.
No stop-loss set — there’s a chance of a stop-hunt wick to the upside. I’ll exit the trade only if several candles close above the zone with their bodies — in that case, the setup is invalidated.
Short targets are marked on the chart.
