bearish bat pattern $53.50 target needs to close above .382 fib
looking at ARKK I see a bearish bat pattern forming to $53.50, the 1.618 fib level is at 69 near a gap fill which is another supply zone.. If the market continues upward, I anticipate ARKK to fill the gap and supply zone. Price action needs to close above the .382 fib level... I will update accordingly
Note
review of the 2nd bat pattern and supply zone 2 Note
the original chart was done at a request for someone on TV.. Price action did run to $50's, but weekly chart is screaming stay away.. no position 
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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.