ARWeave Analysis: Still on Correction
AR just painted a head and shoulders pattern and recently broke out of the neckline of this pattern. Since the whole market is bearish and on correction right now, AR will also see more dips. I think we are on the "A" wave of Elliott Wave counting. I expect the A wave to end at $18 and then bounce back up to the bottom line of the main head and shoulders which will complete the pullback as well as the B wave on %38.2 of "V" to "A" impulse. The last correcting wave (C) will bounce at $7.5 which is the golden zone to buy back AR
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