ARK Innovation ETF
Short
Updated

$ARKK bottom somewhere between $45.92-60.02?

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Many people seem to be interested in going long ARKK because it's already fallen substantially. However, the chart tells me there could be continued downside to come over the next 2-3 months.

I lean towards the bottom not being until we hit $60.02-45.92, and my bias leans towards the middle to lower support being hit before seeing a trend reversal.

Stay safe out there.
Note
Target hit but now I think we're going even lower
Note
New analysis here:
I wasn't bearish enough on $ARKK, going to $22 before bouncing

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