Ares Capital Corporation
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ARCC - Ready To Roll 🧐?

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Post earnings pump ARCC is looking toppy and perhaps completing a retracement from the top right here at 0.5 fib.

Also has printed a shakeout reversal pattern through previous resistance.

It may have a last ditch flurry up to 0.618 area and 200MA and if it does i'll short some more, but good chance also i think it rejects the 100MA.

Not advice.
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Now looks like it will tag the 200MA and perhaps move up to 0.618 - 0.7 fib. Shouldn't get much further than $21 i think. Adding at 200MA and 0.618 fib.

āļŠāđāļ™āļ›āļŠāļ­āļ•
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™
Also bearish div on 4H RSI. That doesn't mean it cant pop a bit higher, but it will be going lower down the road.

āļŠāđāļ™āļ›āļŠāļ­āļ•
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™
It took a little while but now trending down with everything else ðŸ˜ļ.
Trend Analysis

We're into the post FED interest rate cut blow off phase for risk on marketsðŸĨģ.

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