IF you still HOLD, ARK investment Stock (Cathie Woods), you might have a 2ND chance to DUMP, before it goes down even LOWER.
The ARK's should grind higher for the next 2-4 weeks (as the DOLALAR weakens), then continuing LOWER again with the rest of the US-MARKET.
While there is a 25% chance this could be a start of a 5th impulse wave, I think this possibility will FAIL because the ARK's are not strong enough to swim against the TIDE of an entire US_MARKET decline/correction.
Based on price action SELL incrementally 50%,50% or 33%,33%,33%
Short-Term = LONG.
Mid-Term = SHORT.
Very-Long-Term = LONG.
The ARK's should grind higher for the next 2-4 weeks (as the DOLALAR weakens), then continuing LOWER again with the rest of the US-MARKET.
While there is a 25% chance this could be a start of a 5th impulse wave, I think this possibility will FAIL because the ARK's are not strong enough to swim against the TIDE of an entire US_MARKET decline/correction.
Based on price action SELL incrementally 50%,50% or 33%,33%,33%
Short-Term = LONG.
Mid-Term = SHORT.
Very-Long-Term = LONG.
Note
Note
The .382 standard FIB, is LOG-SCALE ; As the Chart price form top to bottom is much greater than 2X.Note
Alternate Yellow Path / Same probability
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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.