ARK Innovation ETFShort
ARKK possible bearish target is 96,35
What you can't see just yet on a spot Ichimoku chart, you can confirm on these charts where I added slightly modified Kijun Sen lines.
Left panel (daily):
- Kijun Sen (26 days avg) 4 days from now will move above spot price to 123,41. -> first resistance
- I added weekly Kijun, which you see just ticked up to 119,55, but more importantly we already know that the modified weekly Kijun (Kijun sen 4 weeks from now) is up to ard 133! that means 128-133 zone is becoming an extremely hard resistance.
- Price action shows a bearish bias, a break and close below 117 in coming days would trigger further stops and selloff.
Right Panel (weekly):
- Price is below the sport and more below the forward weekly Kijun Sen
- Bearish price action, with more warning in form of a haDelta+ bearish cross at zero (interval mid line).
- Major support zone and possible retracement target is 95,11 (100 weeks WMA) - 96,35 (Monthly Kijun Sen, 26 months average)
Left panel (daily):
- Kijun Sen (26 days avg) 4 days from now will move above spot price to 123,41. -> first resistance
- I added weekly Kijun, which you see just ticked up to 119,55, but more importantly we already know that the modified weekly Kijun (Kijun sen 4 weeks from now) is up to ard 133! that means 128-133 zone is becoming an extremely hard resistance.
- Price action shows a bearish bias, a break and close below 117 in coming days would trigger further stops and selloff.
Right Panel (weekly):
- Price is below the sport and more below the forward weekly Kijun Sen
- Bearish price action, with more warning in form of a haDelta+ bearish cross at zero (interval mid line).
- Major support zone and possible retracement target is 95,11 (100 weeks WMA) - 96,35 (Monthly Kijun Sen, 26 months average)
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