ARKW: ARK Investment's, ELLIOTT CHART
IF you still HOLD, ARK investment Stock (Cathie Woods), you might have a 2ND chance to DUMP, before it goes down even LOWER.
The ARK's should grind higher for the next 2-4 weeks (as the DOLALAR weakens), then continuing LOWER again with the rest of the US-MARKET.
While there is a 25% chance this could be a start of a 5th impulse wave, I think this possibility will FAIL because the ARK's are not strong enough to swim against the TIDE of an entire US_MARKET decline/correction.
Based on price action SELL incrementally 50%,50% or 33%,33%,33%
Short-Term = LONG.
Mid-Term = SHORT.
Very-Long-Term = LONG.
The ARK's should grind higher for the next 2-4 weeks (as the DOLALAR weakens), then continuing LOWER again with the rest of the US-MARKET.
While there is a 25% chance this could be a start of a 5th impulse wave, I think this possibility will FAIL because the ARK's are not strong enough to swim against the TIDE of an entire US_MARKET decline/correction.
Based on price action SELL incrementally 50%,50% or 33%,33%,33%
Short-Term = LONG.
Mid-Term = SHORT.
Very-Long-Term = LONG.
Comment:
Comment:
The .382 standard FIB, is LOG-SCALE ; As the Chart price form top to bottom is much greater than 2X.
Comment:
Alternate Yellow Path / Same probability