Nice inverse head and shoulders here, with bullish convergence on the daily, divergence on the 4hr, and hidden divergence on the weekly
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 itll 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...
ARK W TP $186 - by summer
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 ARKs 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...
Similar pattern to ARKQ. All the ARK etf are all heading up. ***This does not constitute financial advice.***
All the ARK ETFs together
ARK next generation shows a strong bearish monthly candle.
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 dont, YOU DONT. I personally dont care.)
Everything is super overvalued, needs a massive correction!
ARKK Downtrend target koreksi di 23 (155)
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 ETFs 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...
This etf will breakout due to its ability to have a managed profile.
ARKW Support 2020-08
Price has not been able to close below the 20ema since early April. It has tested it 4 times; today is the 4th test. Taking into account the measured move from the past times we tested the 20ema, it should take around 7 trading days to get to the sell-target. Happy & successful trading, dorfmaester
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