Falling wedge on ARK

4 oct 2017

I think we see a clear falling wedge when looking at the 4 hrs RSI on Ark. I used the moving average for 21 days (dark green line) and 50 days (red thick line) to see that the moving average of the last 50 days is still to high when you compare this with the moving average of the last 21 days. Ark needs to break out soon, but only when the moving average of the last 21 days will grow to a higher average then the 50 days average. (so the green line needs to get higher than the red line) If this doesn't happen, it might go down at this moment.

Any other views? Let me know, feedback / thoughts are welcome.