As signalled last week, ARK found a bottom and is bouncing.
It broke out of the downtrend and is currently correcting the preious jump in price in a Trend Continuation Pattern.
Stay alert and buy the breakout or when it corrects further, in the blue box.
Longer term, I'm expecting a lot from ARK.....it was pushed down hard in this market wide downtrend and I expect ARK to be 1 of the best recoveries in coming weeks.
Trading advice: buy the break out or towards blue support line and fib levels.
It broke out of the downtrend and is currently correcting the preious jump in price in a Trend Continuation Pattern.
Stay alert and buy the breakout or when it corrects further, in the blue box.
Longer term, I'm expecting a lot from ARK.....it was pushed down hard in this market wide downtrend and I expect ARK to be 1 of the best recoveries in coming weeks.
Trading advice: buy the break out or towards blue support line and fib levels.
Note
Interesting area to watch, should bounce from here for continuation
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Related publications
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.