ARKK bullishARKK seems to have started wave 3 to reach ATH and above
Expected to reach 37 before the bullrun starts
ARKK trade ideas
ARKK Short: Fibonacci darlingI came across an EW counts from a fellow EWer in Twitter but found the counting weird. So I decided to do my own counting. To my pleasant surprise, ARKK is a Fibonacci extension darling (and I love it when a chart follows Fibo levels). Warning: because of my tendency to love fibo levels, my psychological bias might force wave counts to fit (hopefully this time it is not).
So, as you can see, there is an primary counting and there is an alternate count in red. Both are valid. But why do I choose a short bias? The reason is more macro-fundamental than technical (technical is unbias now). The yield curve has inverted and we are seeing corporate profits falling and job cuts for previously financially-irresponsible companies (read: most big tech and big tech wannabes). Also, recent reports shows that retails are massively into the market ($1.5B per day of inflow). This is not good. This is akin to the GFC where retail piles in at the start of the bear market. Also mortgage application down to all-time-low in the US. Fundamentally, things aren't looking good (even though jobs report is surprisingly good). Thus the bias.
ARK Innovation Monthly Log ChartIs everybody sleeping?
As terrible $arkk performed since peaking in 2021, it might not of found a bottom yet!
Scary stuff to look at for #bitcoin holders also...
#fintwit #nasdaq #arkk #crypto
Descending Channel, Short PositionPossible entry point in short, with a win/lose ratio of 2.81:1, following the descending channel wirh a profit target in the bottom line of the trend ($100000 Capital, 2% risk, selling 419 shares).
The divergence is so hard for me to ignore. This thing has been beaten heavily into the ground. Cathie is often mocked, but I can think for myself and I hear what she is saying loud and clear.
$ARKK On the MoveLook at chart for mark-up. I'm long from this morning. It's breaking out on the daily, IMO. Ideas, not investing / trading advice.
Is it worth waiting ?We tend to think rationally this way, if the price can/will goes down to 0.80 , why do I want to buy at $1 ? The million dollar question is IT MAY or IT MAY NOT. If you are so certain, then probably you would pawn everything you had and go ALL IN and make a big bet out of it.
The reasons you hold back is the question of "WHAT IF" I am wrong ? Call it fear, margin of safety or being cautious, I think it is the right thing to do especially in investment. You probably also take time to save up these money in order to invest so you want to play the game right !
So, will the price fall to the dotted line as I have shown on the chart or will it rebound from here ? If it does and continue to rally, then months later, you would kick yourself in the butt for missing a few cents opportunity cost !
However, it may fall through the support line as well as sellers continue to dominate this ETF, who can tell for sure ?
There are many products to choose from in the market , so spend your time , do your research and if you want to bet on it, start small and accumulate along the way. I speaks for myself since I am interested in many products (or call me greedy) so I would diversify quite widely, haha.
ARK Innovation Monthly Log ChartMaybe this will send chills down your "bullish" spine...
Yeah, zero reason to be long $arkk since the Sept 2021 close.
Nothing has changed.
ARKK Rejection Strong rejection occurred in the 44.41-45.70 zone, an area that has historically elicited reaction. Likely beaten down to the 40.60's area. If basing doesn't occur there, 38 and 35 are next targets. 30-32.25 order block, if it gets this low.
$ARKK Showing New Life!$ARKK has broken out of a long base here and on big volume. It has a run rate today that is on track to be 3-times average daily volume. I have a ½ size position in this as I think it’s a big player if 1. $TSLA continues it’s run, 2. Small Caps continue to run and 3. If Mid-Caps continue to run. I expect if those things are true, ARKK may have some out sized moves relative to the general market. Ideas, not investing / trading advice.
V BottomPossible stop where you see support.
A V bottom looks virtually the same on the left and right side.
The bottom of the V can be just one candle and often is.
Targets are calculated in the same way as a cup using the depth of the structure.
A V does not require a handle, but can have one, and a healthy cup does need a handle.
No recommendation. It is important to wait for long entry level for this pattern.
ARKK daily at major resistance, sell signalARKK is at major resistance. It is at the upper trend line from the channel and pretty close to BigReed or 200 days MA. It is also at resistance from October and November highs. All those resistance will highly likely act as resistance from which level the price should current.
The price definitely confirms today's price action which is bullish.
It is above 8, 20, and 50 days MA but it is below BigRed or 200 days MA:
RSI is way overbought and is due for a correction.
MACD has strong negative divergences and is not confirming this price action which is bearish.
Overall: ARKK is due for a correction. It is a major level of resistance while at the same time, RSI is overbought and MACD has negative divergences therefore we are giving it a sell signal. We will need to wait to see is it bears the flag we will have small consolidation on this level and then a strong move above Big Red.
Going to short the ARKK bounce.The theory used here has a few parts.
1 - If/when the 423 of a bottoming swing is met, there's most often a pullback or reversal.
2 - Most commonly there's a spike out of this level. Stops are gunned and then the move comes. I think we may be here.
3 - If we're in this style of move, the 423 will typically hold a retest. This is another spot to take shorts here.
The risk zone for this type of trade after the spike out is small. It's either right or wrong (Most of the time) and tight stops can be used. Targeting a spike out of the last low, this offers a little over 1:10 RR.
Do not forget where we areTime is an interesting variable and not always comparable between tickers but ARKK provides a great way to put our analysis into better understanding.
Tags are wrong on the chart its 4200 ES to 3200 ES
Bias more on upside for ARKK28th Jan 2023
ARKK may shine once again after reaching the lowest $30 in year 2022.
May slowly nimble in with strict $30 SL.
Support: 30
Resistance: 49 (short term)
Resistance: 63 (Mid Term)
$ARKK Falling Wedge BreakoutReal clear bullish divergence here on ARKK, breaking out of the wedge, and engulfing off the backtest.
ARKK UpdateCathie's ARKK continues to sink, lol. I told everyone to stay away from this garbage.
Biggest holdings are ZM, EXAS, TSLA, ROKU and SQ. TSLA really tanked this garbage, it was the only thing propping it up until recently.
No position, I just think it's hilarious anyone actually buys this fund. How does she even have a job? WHy do people keep interviewing her like she knows anything?
Anyways, 5 year negative return now. We should see the market bump up a little next week, so maybe this goes even for 5 year return, lol. A blind monkey throwing poop can pick stocks better than Cathie.
Where is arkk going?I see a lot of confusing charts on ARKK, but this is one of the most straight forward setups i can see right now. ARKK has already broken down below strong support (red) with now significant support level until the green horizontal. I fully expect ARKK to be in the low $20s in the next 3-6 months.
A 7 star short setup on a 5 star scaleThis is ARKK. It looks like it's about to go parabolic, inverted. This is brilliant, SARK would be the trade here.
ARKK Oversold for NowARKK is looking oversold for the time being. Looking for a nice DCB before seeing some capitulation sell off.
ARKK - Still looks concerningHello 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. I have been providing warnings since December 2021 so I hope you followed along.
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! #millionaireeconomics
Very scary ARKK head and shouldersThis looks somewhat scary or maybe just too extreme to be realistic. It does look like the recent downtrend in ARKK could continue far lower.
ARKK Xmas RallyLooks like they want to pump the market up, and even garbage floats on a rising tide.
I'm guessing it repeats the red channel, so did an overlay.
