ARKK LongLooks like ARKK found support. Bullish price action. Good R/R for longs here. STOP below red line.
ARKK trade ideas
ARKK ARK Innovation: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for ARK Innovation ETF (ARKK).
The chart is self-explanatory. The price is currently in a Descending Parallel Channel with the RSI oversold so there may be a short term upward price movement, however the overall trend is still down. I put in multiple support lines to keep an eye on. If price moves back up, expect the areas I noted as major resistance areas.
Included in the chart: Trend line, Support and Resistance Lines, Volume, RSI, MFI ( Money Flow Index), Descending Parallel Channel.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$ARKK Could Turn BullishThis is a counter trend trade with the backdrop of high inflation, global supply shortage and more unemployment pressure. Yet ARKK innovation ETF is looking attractive at this level. Cash is still king during this uncertain period so only use a small size to take advantage of deep discounts. I will exit the trade if price drops below $39 but if it doesn't, then ARKK could test $60 level soon.
ARKK fund ETF testing long term suppotCathy Wood's ARK fund ARKK has essentially given back ALL of its gains from the Covid rally.
Price action is settling at support currently. We'll see if it holds or not...
Battle between bears and Bulls part 1 of 2 for ARKK Please take a look at these trend lines
Please let me know if you agree that this is battle 1 out of 2 taking place today/Monday and part 2 within the next 5 days...
I'm neutral right now, Invested, but hedged.
Opened: ARKK July 15th 34/56 Short Strangle... for a 1.89 credit.
Comments: Selling premium in the exchange-traded fund with the highest IV on the board. As usual, will manage sides on approaching worthless , side test, or a delta/theta ratio of >1.00.
1.89 credit on BPE of 4.26 (on margin); 44.4% ROC as a function of buying power at max; 22.2% at 50% max.
$ARKK is looking more constructiveFor the first time in months, Cathie Wood’s $ARKK is showing some signs of life as it managed to close above the recent channel resistance. In case the market continues to grind higher in the coming week, watch this ETF for a possible catch-up play. It has plenty of free room on the chart to $50 before encountering more resistance. We are long some call options as the risk/reward is quite favorable.
Which Stage We Are In Right Now?You always need to know which stage we are in right now and know exactly when to entry and exit by following robust trading signals. Things can turn around quickly and when investors are panic and forced selling their stocks, it might be a good time for you to accumulate at a very cheap price... You need to have a good trading psychology to beat the markets!
deviltrader168
Humans Never Change“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
― Albert Einstein
Humans are stupid in an infinite, repeating, and beautiful way which we can take advantage of as traders. The similarity between the tech bubble for QQQ popping in 2000 is quite apparent when looking at the ARKK bubble which formed more recently in 2020 and has popped already.
One of the best trades of this decade will be buying ARKK at around 25 bucks a pop and riding it up to new highs over the following years. That's a huge return with very little downside potential. I will load up the boat when we get there.
For the shorter term, you can see that this fractal expects us to see another rally of ~50% in ARKK, but DO NOT FOMO into this rally. It will be a fake out, and followed by more blood. I will take this as an opportunity to sell off my currently underwater Coinbase, Palantir, and Netflix stock holdings personally, since I expect they will follow ARKK for a fresh low.
Thanks for playing.
ARK, entering buy areaWe finally got there, but we're still not out of the wood, so a stop loss under the support is recommended
One more spike low to complete popBubbles of the shape and style ARKK has formed will usually have a capitulation swing here that spikes out the big previous support base. This is the panic stage of the cycle and where people frequently sell out at the low. This could be as much as a 50% capitulation. And that completes the pop of ARKK bubble.
Ark Top ark holdings Names are too oversold by now including zoom and roku. I think this etf will bounce off this support level for a pullback , just a pullback I don’t think it will reach all time highs levels ever
ARKKSmall put position over the weekend in this name. The thinking for this is basically sector rotation. Large caps had a nasty week while ARKK names held up (hence the rectangle this name has been in since last Friday). Breaking down today out of the rectangle and also looking like another false breakout of the trendline. Looking for downside in ARKK names next week if large cap tech names hold up.
$ARKK started to act betterBroken down names that feature heavily in the $ARKK ETF have started to act better in the past 2 weeks. The overall ETF built a promising bull flag above the 8EMA. A close above $45 for this week opens the chart for higher prices. Our target for the coming period is $52.
Long ArkkStarting to build a big ARkk position, going to sell at the 50 day, then buy back if we can hold over. May be the play of the next 5 years. The tech narrative will inevitably return.
ARKK/QQQ - Potential bottom?ARKK is trading at an all time low relative to the QQQ. At just over halfway through the month, continued strength for the remainder would form a bullish monthly candlestick indicative of a possible reversal incoming.
Relative strength in the highest risk assets would be the first sign of a market bounce or bottom.
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ARKKRespecting the downtrend with the exception of the false breakout on Fed day. Long wick on the weekly candle last week. Hard to short down here but also hard to long so just observing for now until something changes.
𝗔𝗥𝗞 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $ARKK Daily. 35!!!All the way down to 35!! 5 waves up in '20-'21 and looks like 5 waves down in '22. Good spot for a bounce
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Cathy Wood is bad at this.The trend is not Ark's friend. Let's see when they finally break out of this curve....
