I feel like in a few years from now this could go up from where we are now. Nobody believes in cathie wood anymore but genomics is the future. But this got way ahead of itself. I don't expect this to moon anytime soon also
The macro count is pretty clear. We're below the 38.2% fib of the impulsive move from the covid lows, and approaching the 50% fib as well as the bottom of the channel. The weekly RSI is lower then even the covid lows of march 2020. In fact the RSI hasn't been this low since inception in 2016.
As with all of ARK's ETF's these are long term plays. If you want...
“Scientists and mathematicians are trained to dig below the surface of the chaotic, natural world to search for unexpected simplicity, structure, and even beauty.
On February 28th, 2021 (10 months ago) I published this article:
The Social Media Trading Bubble comes to its end..!
I have always said:
Only time could show the accuracy of...
"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each of the Ripples has precise bounds defined by the "Golden Ratio".
Until a new Impulse occurs, the Price oscillates within "Energy Bands".
Markets quite often ask "Give me a ping Vasili ... ONE Ping only please?"
Some Pings are so clean you can almost HEAR them resonate off the...
Watching to see what happens with this chart pattern we're seeing form on ARKG.
Over the last few months the ARK funds have been in the spotlight as funds that won't be able to perform well past the initial hype.
Will ARKG be able to take back its glory or breakdown to lower levels?
Prime setup for $ARKG as we hit the midway point of Bloody September, the worst month for returns. We've already seen several pullbacks, and with quad witching coming on Sept 17, we're bound to see some volatility.
I fully expect ARKG to fall a little further as the broader market bleeds, but come the quad witching hour, you'll start to see the tides shifting....
I see a narrowing triangle. Triangles we love especially squeezed ones with a bit of consolidation visible.
I will not enter from point 1. First we need to observe bounce back from 1 and rejection at point 2 so basically one more touch on each sides of the triangle.
If that occurs, I will start opening position on point 3.
we see 2 influential figures coming head...
It looks like wave 2 has not completed yet. If we get a bounce and rejection off of the DTL and PoC line, and break the support around 82, we could see a completion of wave 2 around 75-76 followed by wave 3 to 110+
ARKG just broke the long term parallel channel, i expect it to close down to 78 if it does not hold above the parallel channel or we will see it shoot to 91 in near term. Given the macro environment which market seems to be bullish (I think the money will rotate back into Cathie's ETF.
Bulls need to step in soon. ARKG recent 100MA death cross the 200, 2nd retest of downward channel and 200MA fall . Not looking good and 72 first target.
If bears lose control, we see a breakout of the channel back up to 93 resistance levels.
Really nice volume shelf support at 83... this needs to hold.
Opened an 85/90 debit spread for 9/17 to be closed if...