Looking to complete a wave 4 Retracement on Arbitrum Short term outlook is bearish as we are looking to complete an expanding flat to the downside. Wave B neared it invalidation, but reversed down. Lets see if the bears can push it down to the 0.5 Fib Target, soft target is the 0.382 Fib. If volume increases this could be a third up, but we need the wave 4 at the moment, and wave B of the expanding flat is a clear 3 waver so far. Long term we are still bullish with plenty of nested wave 3s to keep us counting to the upside in the future haha. Not Financial Advice
