âž– 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. âž– The action moved below EMA100, mid-term bearish potential confirmed.
Multiple bearish signals confirmed. We can expect lower for this ETF, easily.
Namaste.
Comment
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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.
Finally, i was long SARK and lost money now i am short Arkk and i also believe if we saw SPX at4600 this will affect Arkk immensly i hope, usually what i touch has an inverse effect :)
Allure016
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lol With all those college degrees, they still can't seem to invest in the right stocks.