ARK Innovation ETF
Long
Mis à jour

ARKK could be set for sharp bounce.

379
Here's a previous forecast on ARKK forecasting a possible low in this area.

One more spike low to complete pop


Spiking out the low of a parabolic rally is a very common occurrence in this type of pattern. It's a big panic point when all gains have been lost even if in very early to the rally. Often we see ultimate lows in these areas (Commonly off slow ranges) and even with things going much lower we see aggressive bounces.

Here's an example.

snapshot
Note
This bounce sucked.

Might be a great catch up trade if we head into overall strong sustained markets but was a total non starters.

Hard to believe it bounced so little after taking out the full parabolic leg.

Would not bode well for it if it broke lows again IMO.

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