- ARKK has broken through the ceiling of a falling trend channel in the medium long term. - This indicates a slower falling rate initially, or the start of a more horizontal development. - An inverse head and shoulders formation is under development. - A decisive break of the resistance at 46, ideally with an increase in volume, signals a further rise. - ARKK is between support at 37 and resistance at dollar 44. - A definitive break through of one of these levels predicts the new direction. - ARKK is overall assessed as technically slightly negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price
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