Archrock has been the house of channels for the last 4 years. Each time the price moved in a channel, we had great opportunities to make money.
Imagine the price as a car driving up a road between two lines. For a while, it moved smoothly inside this channel. Every time it touched the bottom line, it bounced up, near the top, it slowed down.
Patterns Worked Well:
Whenever the price broke out of these patterns, it moved strongly in the expected direction. These signals have been reliable on this chart. We also have examples of pullbacks to the channel, which are amazing risk reward trades.
The Big Change:
Recently, the price “fell off the road” by breaking below the channel. This is a clear sign that the upward trend is over for now, and the price is dropping.
What’s Next:
The price is heading toward areas where, in the past, buyers have stepped in (called support). These are often at special levels (like Fibonacci) or where lots of trading happened before (look at volume lines in the right side, the bigger the better to act as support.
Watch for when the price breaks out of its usual path, these moments often signal big changes. Even if you’re new to charts, spotting these “road breaks” can help you understand what might come next.
Furthermore, Archrock appears overvalued with a high P/E ratio, and price forecasts for 2025 suggest potential declines of up to 30%. This increases the risk of a sideways or bearish trend in the coming months.
Imagine the price as a car driving up a road between two lines. For a while, it moved smoothly inside this channel. Every time it touched the bottom line, it bounced up, near the top, it slowed down.
Patterns Worked Well:
Whenever the price broke out of these patterns, it moved strongly in the expected direction. These signals have been reliable on this chart. We also have examples of pullbacks to the channel, which are amazing risk reward trades.
The Big Change:
Recently, the price “fell off the road” by breaking below the channel. This is a clear sign that the upward trend is over for now, and the price is dropping.
What’s Next:
The price is heading toward areas where, in the past, buyers have stepped in (called support). These are often at special levels (like Fibonacci) or where lots of trading happened before (look at volume lines in the right side, the bigger the better to act as support.
Watch for when the price breaks out of its usual path, these moments often signal big changes. Even if you’re new to charts, spotting these “road breaks” can help you understand what might come next.
Furthermore, Archrock appears overvalued with a high P/E ratio, and price forecasts for 2025 suggest potential declines of up to 30%. This increases the risk of a sideways or bearish trend in the coming months.
Note
the price is moving as expected, we need to wait for TP
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.