ARK suprised me really.A while ago, I picked this one although I didnt see any real indications on the charts (see link below),
This morning I tweeted that it might make a correction as it reached my blue box, but it kept going! This changed my previous pattern.
It reached 1.618 fibo extension exactly and I'm (again) awaiting a correction before we continue the ride to (5).
Check the RSI, same pattern as before when it corrected. Not sure if it gets to (4), pretty sure it will reach (5).
In case we get a correction, I will update when to look for new buys.
Happy trading!
Note
Just a small heads p that ARK is smoothly heading for (4) where we can add to our positions. Once we get closer to that zone, watch price action for the potential reversal towards 5. I will try to update at that time. Note
Strong bounce newr trendline , making leg 4.Looks as it just started leg 5
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.