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moneyflow_trader

bearish bat pattern $53.50 target needs to close above .382 fib

Long
ARK Innovation ETF (AMEX:ARKK)  
moneyflow_trader Updated   
AMEX:ARKK   ARK Innovation ETF
Trend Analysis Harmonic Patterns Chart Patterns
12
4
trendanalysis harmonicpatterns chartpattern
looking at ARKK I see a bearish bat pattern forming to $53.50, the 1.618 fib level is at 69 near a gap fill which is another supply zone.. If the market continues upward, I anticipate ARKK to fill the gap and supply zone. Price action needs to close above the .382 fib level... I will update accordingly
Comment:
review of the 2nd bat pattern and supply zone 2
snapshot
Comment:
the original chart was done at a request for someone on TV.. Price action did run to $50's, but weekly chart is screaming stay away.. no position
snapshot
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