fredpui

$ARKK expecting another leg down

Short
AMEX:ARKK   ARK Innovation ETF
Since July, ARKK has been trading sideways in the consolidation/distribution zone with no unusual volume for about 2 months. End of September we are seeing increasing volume activity to the downside.

i believe it's going on wave 3 and downside target should be around 99.80-100.

Oct 7 seeing the retracement up and hit a resistance level (~113) which is the blue zone area.


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