Since July, ARKK has been trading sideways in the consolidation/distribution zone with no unusual volume for about 2 months. End of September we are seeing increasing volume activity to the downside.
i believe it's going on wave 3 and downside target should be around 99.80-100.
Oct 7 seeing the retracement up and hit a resistance level (~113) which is the blue zone area.
i believe it's going on wave 3 and downside target should be around 99.80-100.
Oct 7 seeing the retracement up and hit a resistance level (~113) which is the blue zone area.
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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.