ARQQ Strong upward channelRisk is lowest at the lower channel.
Upside opens toward mid-channel (~$45–$50) and upper channel (~$60–$70) on a full-cycle move.
If price stays above the lower boundary, this could be the start of the next major wave within the long-term trend.
Key Observations
✅ Strong Upward Channel:
Price action respects both the lower trendline (support) and the upper trendline (resistance), forming a rising, widening channel that has held for several years.
✅ Mean Reversion Behavior:
ARQQ tends to move from lower channel support → midpoint dashed trendline → upper channel resistance, suggesting very predictable long-wave cycles.
✅ Current Position:
The stock is now bouncing off the lower support zone, historically a region where major rallies have begun.
Historical Pattern
Every time ARQQ touches the bottom of the channel, the following move has typically been:
Wave 1: 3×–4× move
Wave 2: 2×–3× move
Wave 3: 3×–4× move
