Technical analysis by Delzeyne about Symbol ARB: Buy recommendation (6/23/2024)

2Day Timeframe + elliot wave count + support and resistances 12h Timeframe + support and resistances Suspecting the correction is finished and the low is in Every pullback is an buy opportunity until we break the last high around 2,40 dollar or make an complete 5 wave move to complete wave 3 primary On the 6h chart looking to enter back in previous rang in a 5 wave move target is point of control around 1,13 dollar or a possible fake out to the value area high around 1,21 dollar Stop loss beneath the low in the elliot wave count, otherwise the downtrend continues in wave 5 of wave C on the 2Day chartComment: Bouncing off the 0.618 Fib retracement and 0.618 Fib extension target for wave C Market structure holding the higher low, wave 3 should begin nextComment: bounced another time from the 2h green support from previous chart alternative scenario for the 5 wave move up