volume Waves are basically showing demand drying up and supply getting louder.
After the exhaustion top, ARKK up-waves keep coming in with lighter volume/effort → buyers aren’t following through.
The down-waves are doing the opposite: bigger volume pulses on sells → supply is in control (classic distribution → markdown behavior).
This latest dump into the ~68 area has the most “effort” we’ve seen recently, but the bounce so far looks more like reaction/short-cover + mean reversion, not a fresh demand wave.
What I’m watching
Bull case: we need a proper Weis up-wave expansion (green bars building) + reclaim/hold 72–74 and start chewing back into that downtrend line.
Bear case (most likely if this stays weak): lose/accept below ~68 → magnet to 60, then that bullish OB / demand zone ~55–56 becomes the real “buy-the-fear” area.
TL;DR: Weis Waves say this is still a sell-the-rips tape until buyers prove it with bigger up-wave volume.
After the exhaustion top, ARKK up-waves keep coming in with lighter volume/effort → buyers aren’t following through.
The down-waves are doing the opposite: bigger volume pulses on sells → supply is in control (classic distribution → markdown behavior).
This latest dump into the ~68 area has the most “effort” we’ve seen recently, but the bounce so far looks more like reaction/short-cover + mean reversion, not a fresh demand wave.
What I’m watching
Bull case: we need a proper Weis up-wave expansion (green bars building) + reclaim/hold 72–74 and start chewing back into that downtrend line.
Bear case (most likely if this stays weak): lose/accept below ~68 → magnet to 60, then that bullish OB / demand zone ~55–56 becomes the real “buy-the-fear” area.
TL;DR: Weis Waves say this is still a sell-the-rips tape until buyers prove it with bigger up-wave volume.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.