Just charts
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ARK ETF divided in channels:
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H4 chart:
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H1 range breakout:
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If you have a growth stock portfolio you can't avoid watching the ark etf. I analyzed the ETF for you. And do you notice something? If you have a growth stock portfolio, it reflects your portfolio very well. I use the ark etf as a benchmark index for my growth values.
You can see important levels in the chart. I used different timeframes. A quick look at the chart:
D1: The daily shows a trend break. The break below the dashed & strong trendline was a first bearish signal. We are currently in the support area, but it is under great pressure.
H10: I used the h10 chart to draw important channels. The tertiary channel has signaled a danger to me. At a certain point, these become a short possibility. Why? Because the ETF was way too hyped. So remember: tertiary channels are dangerous in the near term. Pullbacks were to be expected. Because: a trend is not possible forever.
H4: In the H4 you can see the exact levels again.
H1: I included fibo in H1.
You can see important levels in the chart. I used different timeframes. A quick look at the chart:
D1: The daily shows a trend break. The break below the dashed & strong trendline was a first bearish signal. We are currently in the support area, but it is under great pressure.
H10: I used the h10 chart to draw important channels. The tertiary channel has signaled a danger to me. At a certain point, these become a short possibility. Why? Because the ETF was way too hyped. So remember: tertiary channels are dangerous in the near term. Pullbacks were to be expected. Because: a trend is not possible forever.
H4: In the H4 you can see the exact levels again.
H1: I included fibo in H1.