There's a rising wedge and a potential early C entry for an ABCD that could take us down to the 78.6 or even the 88.6 if things get bad. I think it's safe to say that if the Nasdaq goes down this will go down twice as hard.
Great opportunity here with ARK invest. Head n Shoulder now formed. The first wave of the daily EW was completed. Small retracement now to 142.55 giving a great buy opportunity with SL at 134.90. If you are a more conservative play on the resistance of the HnS neck. 189 the first target, looking to unlock some profit at that level, Final target 205, completing...
Here is the weekly chart for ARKW, the ARK Next Gen Internet ETF
counting from inception, ARKW has completed a massive wave 3 followed by a deep wave 4 correction which means it'll have an equally powerful wave 5. Taking the equal legs target or wave 1 results in a 5th wave that does not cross the ATH, which means a true wave 5 should replicate the entire length...
on ARKW - MA 50 daily is a main support and resistance, worked like a charm especially last 3 attempts to break it failed.
We see a convergence of MA 21 and MA 50 so I expect a bit up and down between these to MAs and then break down where they intersect, find support from the blue line and then push up to break both MA21 and MA50.
I like that the volume has...
Description: ARKW is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position above $156.
Stats:
1. Ideal buy range: $156 - $160.7
2. Take profit: $207.42
3. Stop Loss: $142.53
4. Risk To Reward: 1 / 4
5....
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...
We bought ARKK on Friday, and expect to hold until it reaches a NEW high, then SELL.
(This is my PERSONAL trading CHART, with no further educational explanations.
IF you get it, YOU GET IT, if you don't, YOU DON'T. I personally don't care.)
ARKW - as in ARK "WOW".
Catherine Wood and her team are running a
world class family of ETFs via ARK-Invest.
They are changing the way we think about
investing through the lens of innovation.
Brilliant.
Although extremely bullish long term
for ARKW, in the short term this
ASCENDING head-and-shoulders needs to
'play-out', before I continue to...
Ark Investments ETF's ARKQ ARKK ARKW ARKF ARKG all seen a steep increase in trajectory after the March 2020 market dip from the pandemic panic.
Here is a chart of ARK-K ETF with before and after Trendlines in Yellow... Notice the Steep increase in trajectory after March 2020...
These ETFs are Tech and Innovation heavy and we know tech has seen a boost since...
Arca
