πŸ“Š ARK Innovation ETF Going Down

AlanSantana Updated   
BATS:ARKK   ARK Innovation ETF
βž– On the 26-Dec session we have an inverted hammer candlestick pattern to signal the top of a trend.
This inverted hammer is followed by four weeks red; Inverted hammer as reversal signal confirmed.

ARKK produced an upper wick this week, now trades red.
βž– The action moved below EMA100, mid-term bearish potential confirmed.

Multiple bearish signals confirmed. We can expect lower for this ETF, easily.

Here we have a rejection at resistance; in this case EMA100:
This rejection is a bearish confirmation.
We can expect to see this ETF move lower as it has been happening already for weeks.

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