Arm Holdings

This eventually went through the trendline and even back tested it which was the warning of lower prices to follow. See how the price drops once a trend line is broken .
Also when it revisits a trendline a few days apart also is a warning that it may be getting ready to breakout ,hense why i always say first attempt only
This is now in a correction phase so look to the fibs for support.
Obviously the primary trend is still up but the trend that was in play since october last year has broken. Theres always more than 1 trend in play so bear that in mind.You get primary and secondary and even more depending on your time frames.
Im a short term trader so from my charts you could see normally loads of trends drawn.

Power of a good trend line. see how this bounced on first attempt.... Obviously the risk are now higher if it goes back to the trend line.

This is currently on the short term trend line since october. It should bounce on first attempt but if it does go through and finishes below then this could signal a short term correction.

If this finishes below 917 then worth the short with a stop above the high of yesterday at 930 if trade gets activated.
The reason being ,
The island formation the other day,
The possible 123 high????,
or an ABC correction, so we only had the A correction so this rally may be B wave and C wave to come still so hense why i would short if it finishes below the previous day low with stops above the high of yesterday.




dyor

This one has gone up quite a lot so a correction is likely. Look to the fibs for support.
The island formation is rare so if it finishes the day like this then likely be lower prices.
Obviously the days young and things can change by the end of the day.

This gapped down this morning but noticed it has a shooting star followed by an island formation, could this be a possible top?