ARKK is tracing out an inverted H&S bottomCathie Woods was the wonder lady/girl/woman/female of Wall Street a few years ago, prior to an 82% stock price correction which made her a candidate for the GOAT (the actual animal). But I am now interested in owning the shares of her company. Longby PeterLBrandt28
Symmetrical Triangle - UpdateARKK catching my eye here, in somewhat of a make or break spot- Will be watching closely for a breakout from this symmetrical triangle, Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout from this triangle - Inverse Head and Shoulders Formed (Not Pictured) - Slight hidden bullish divergence on the RSI - Bullish Cypher Formed - Reclaimed the 200-day EMA - Buyer volume picking up relative to seller volume - Bollinger Bands Starting to Squeeze (Not Pictured) PT1- $120.79 PT2- $121.24 PT3- $122.45 + Breakout Previously Charted Longby jacobosiason72
ARKK Intra-Week Short positionARKK has rallied off the 161 support but the rally looks like it's turning into a bull trap. If we get back under the 161 strong bias towards the next fib levels hitting. Target just before the 220 for an intra-week swing. Shortby holeyprofit0
Market Outlook - Growth (9/13/2021)The market choppiness continues in growth as we see a down day to end the week. Since Feb 2021 we have been very range bound in growth while we are getting divergence in the QQQ & SPY. Really waiting for the IWM to break out of the current range it is in. If you look we can see we have been testing the bottom support 5 times while only testing the top of the resistance 4ish times. This recent time the market did not let it get to support and sold it off early which could mean this is now making lower highs and going to either breakdown or breakaway. The longer the resistance / support is tested the bigger the move up or down. For perspective, growth is probably digesting its gains from the prior year on its very explosive move. We are currently at a important level as we are below the 150MA. For IWM the next two weeks will be telling to see if we continue to be range bound or we break higher/lower. As for ARKK we are seeing the 150MA now sloping downward which is a big area and sign imo. We have somewhat of a VCP pattern within ARKK but with the 150MA slopping downward it makes me somewhat concerned for growth moving forward. Overall outlook - Staying defensive until the market gives me a reason to be bullish again. I have seen "insurance" (options for hedges) at a high which means there is a lot of worry in the market, and most of the time when moves down happen it is when everyone is bullish so its a very mixed bag at the moment. We are still in a confirmed uptrend and is innocent until proven guilty but I would be careful at this current time trying to preserve the gains I made in the recent up-swing.by huntersanna330
Symmetrical Triangle - Watching closelyARKK in a critical spot here- big symmetrical triangle on its yearly chart after breaking below a rising wedge. Watching this one closely in the coming weeks, just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on.Longby jacobosiason72
$ARK Infliction point Important Daily Inside Bar, Bat pattern See chart for detailed set with inside bar you can preferably take it long on a break of Fridays high w a stop against the low (could also take short on a break of low first) Bat pattern potential listed as well, thanks for looking by HiddenharmonicstradingUpdated 222