ARB - Update
Our trendline that has been holding as support on the 4H has flipped into new resistance. It is possible to flip it back into support if we can close this 4H candle back above it, but if not then the double top is more powerful. If that's the case a downside move to at least the 0.618 is expected. I have outlined all current fib levels. We can see right now price is being held by the 0.236. If that level is broken then we could see a further breakdown.
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