Ark Innovation ETF Retracement Play
If ARKK top was around 105/share. Using fibonacci retracement I would expect long opportunities to open up starting possibly around 0.5 fib (approx 70.00/share) and more likely around the golden ratio around 0.618/0.65 fib (approx 60/share). The golden ratio also corresponds closely with the 200 day ema on the 2D chart which should act as a strong resistance.
Please share your opinion and/or challenge mine.
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Please share your opinion and/or challenge mine.
The content shared is for educational and informational purposes only and are not providing specific financial advice or recommendations for any individual or on any specific security or investment product. Not Financial Advice.
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