Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ark Innovation ETF ( ARKK ) led by Cathie Wood.
#CryptoPickk notes the following:
1) Ark Innovation has had a great run from 2020 into early 2021 when the ETF made an all time high. Since that point, it has been correcting.
2) Since the all the high, the price has been...
... for a 1.75 credit.
Comments: Going inverted here with my ARKK short strangle to cut net delta, with the setup now being a 106P/104C two-wide inverted short strangle that's net 35 delta long or so.
It's only got 15 days until expiry, so will probably look at rolling next week unless it pops back up above its downside break even which is the short put strike...
The CEO of ark Invest repeatedly talked about the possibility of a crash in Index funds while denying Her Managed ETF is one of the worst performers in the market since February 2021!
In February I publish this:
Please review her performance in 2008, to know more about her performance...
9 months ago, I published this analysis:
the first target could be 97..!
however, This time it could go down more?
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a...
ARKK performed well in 2020 COVID but lost all year gain in 2021 , Cathie like have 1 stop shop and buying selling everyday not working well when we want real valuation or in long holding. Tech sector got more bubble compare to other sectors.
In near time we are not seeing ARKK recovery or their strategy not working well.
I saw this count last week and it does appear to be playing out this way - wave 4 triangle. Either way ARKK should be seeing ATH next year before the market "tops" - it just likely will take longer than I anticipated. We should still see at a minimum - 172.
Soon my expectation is that big tech will stop getting all of the $ - and we will see a rotation back to...
ARK Innovation ETF (ARKK) led by Cathie Wood is shown a possible near break of the triangle with a possible golden cross on the MA coming up very soon. I plotted fib levels to see how I we can possibly go. There has been consolidation since March 2021. It seems that a breakout is coming very soon.
What are your opinions on this? Comment below, hit the like and...
Today we will share a pending setup we have on The ARKK Innovation ETF managed by Cathie Wood. Another great asset in terms of technical behavior.
What's the key idea of this setup?
-Once we have a CLEAR correction, EXAMPLE: a formation with more than 150 days or a significant drop in the price like 2020. We draw the MOST external trendline using Higher...
and we may have found it at $100. I'm mostly invested in crypto, but you really can't discriminate when it comes to profit. I'm buying call options on this, strike price somewhere in the 200's.
ARKK having a potential inverse H&S pattern. If ARKK fills the gaps at 114 and bounces we can see it rally and breakout. A break above 125.74 can take it all the way to 140 level and potentially fill the gap above.
ARKK appears to have put in a 5 wave move from its wave 2 lows on oct 5. Expect 3 waves down to 115 area for a BTD spot. ATH's coming, likely next year Q1 or Q2. Buy time on that dip.
This might get wrecked tomorrow if Elon is selling 10% of his stake in tesla, so it could spark a deeper retracement, but 3 waves down will be a buy!
Side note: 3 waves down on...
Today we will take a look at Cathie Wood´s flagship, ARKK.
Main elements of the chart:
a) The price is against a resistance level + Lower trendline of the flag pattern (bigger white structure) + Lower trendline of the inner descending channel.
b) Generally speaking, every time we find this level of alignment between technical elements, we tend to observe...
Arca
