ARKK Elliot Wave ABC Correction
Updated
ARKK started its rally in November 2023 and reached $54.52 in December 2023. Since this date, according to Elliot Wave Analysis, it may be making an ABC correction. ARKK, which made the A wave by falling to $ 44.63, then rallied to $52.06 with the B corrective wave.
As long as ARKK stays below $52.06, ARKK may be making wave C. At the end of this movement, it may fall between $40.35 and $42.59.
As long as ARKK stays below $52.06, ARKK may be making wave C. At the end of this movement, it may fall between $40.35 and $42.59.
Trade closed: target reached
I closed my short position at $42.93 with a 13% yield.
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.