$ARKK
Added 2024-05-30 13:13:17 +0000 UTCRemarkably $ARKK flagship fund remains in this consolidating range between the blue levels and has not lost its 0.618 level which is a level we would watch for a pull back for Wave 2.
The trend however is not in their favour, both 50 and 200 Day MA's have been lost and $ARKK has been taking a big hit lately on some of their wild buys.
This is not a fund I would ever consider buying
It is too high risk and with the exception of $TSLA as a backbone to their fund, it is 90% high risk.
Comments
this is the remarkable thing about EWT, it applies to every chart in existence
Gareth Neary
2024-05-30 13:23:01 +0000 UTCHow do you even chart this etf. The buys are absolutely mental and completely mess up EW analysis. Ralph Eliott must be rolling in his grave every time EW is applied on ARKK.
Shaleen Deep
2024-05-30 13:15:38 +0000 UTC
