ARKK - Reversing Thesis - Broke Triangle_Downward TrendARKK broke triangle pattern. Reversing thesis. Downward Trend. $102 first buy target.
Arkkcorrection
𝗔𝗥𝗞 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $ARKK Daily. 200dmaLooks like a visit to the 200dma on the table again as mid-bolli has held as resistance
$TSLA $SQ $ROKU $TDOC $BIDU $SPOT $Z $SHOP $QQQ $SPY #ElliottWave #Stocks 📉
ARKK: Sinking Ship, or Choppy WatersARRK caught in what I am going to call the Bermuda Triangle. Price will likely stay bounded within this until it decides which direction. Watch the key support-resistance triggers (red triangle) for price to tip it's hand.
#USetf #ARKK #ArkInvestment 4Hour CHART UPDATE! Waiting Entry!DAILY CHART: Here's TA on #ArkInnovationFund, especially for those who were caught in the -14% drawdown over the past 1 week.
Cathie Wood is not god, #Arkk is also impacted by technology sector pullback over the past week.
Looking for further possible downside to (124 - 128). Will price hold above (200EMA - 4hour Chart) and (100EMA - Daily Chart)?, and make a strong rebound?
As always, wait for confirmation in trend reversal before you consider entry! 😁
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This post is just a personal opinion.
Always do your own research, risk analysis, and due diligence before executing any plans. 👌
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#markettrends
ARKK following similar tests along the way to new highs ARKK is following similar price action in forming tests of support for new highs.
This current pull back is slightly expedited and showing an increase in volatility than trends in the past. (I believe this has been due to the uncertainty we saw leading up to unemployment rate releases and uncertainty in the overall market).
Considering this, I wouldn't see it completely out of the question to see price pull back below the .618 extension and test the perceived .382 line as support.
From there I see ARKK making new highs with a price target above $166 (1.0 extension) after claiming the perceived .618 ascending extension line as support.
Stop loss can be adjusted up to just below the most previous ascending line found as support.
**Not financial advice, these are just my opinions
QYOU & ARKK Analysis - Stock Pick ReviewTSXV:QYOU Hi everyone,
In this stock pick analysis we will review QYOU & ARKK price action perspectives.
As a bonus I will also show my trade on NIO because it look similar to QYOU's price action.
Let me know if you have any questions around this and feel free to ask other assets you want me to review!
Kind regards,
Noel
