From the perspective of Elliott's Wave Theory:
It broke the trend line, went up the 1 as indicated by line red (which I mapped out a two days ago) and it's starting to pull back into .5-.618 feb territory. Watch this ARK carefully. It is looking extremely bullish and like it will blow up anytime soon.
RSI also indicates overbought and MACD look like they are going to close soon indicating that it is entering the bearish wave 2,
Stay tuned for more information.
Good Luck Guys!
It broke the trend line, went up the 1 as indicated by line red (which I mapped out a two days ago) and it's starting to pull back into .5-.618 feb territory. Watch this ARK carefully. It is looking extremely bullish and like it will blow up anytime soon.
RSI also indicates overbought and MACD look like they are going to close soon indicating that it is entering the bearish wave 2,
Stay tuned for more information.
Good Luck Guys!
