ARKK close to completing inverted H&S formation
Daily chary: Entry point as the candle closes above the neckline at $136.23.
Stop loss: $112.80
Take profit: $166.23
Risk/Reward Ratio: 1.28
Same pattern shows on the weekly chart. You could enter slightly earlier at $130 if you consider the main body of the head's candle instead of the top wick.
Pattern negated if price drops outside of it.
Stop loss: $112.80
Take profit: $166.23
Risk/Reward Ratio: 1.28
Same pattern shows on the weekly chart. You could enter slightly earlier at $130 if you consider the main body of the head's candle instead of the top wick.
Pattern negated if price drops outside of it.
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.