$ARB is squeezing at the edge of a bearish wedge โ and the late shorts may already be offside.
Price is compressing near the upper boundary of the wedge on the H2 chart. The latest candle broke above it with momentum, which is exactly where trapped shorts start to feel pain. ๐
The upside trigger is holding above that broken wedge resistance. If price retests and holds, the move can extend meaningfully higher. The downside invalidation is a full reversal back inside the wedge โ that flips the breakout into a fakeout and puts bulls in trouble. ๐ฏ
Right now the pressure is on short-side positions. Momentum is expanding, candle bodies are growing, and the structure favors continuation as long as the breakout level holds on a retest.
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