ARKK Key Support Levels
Instead of marking up charts with tons of conflicting information, I try to stick with what matters - support and resistance. 95% of trading is about support and resistance based on my experience, indicators might give you a slight edge but more often than not they'll keep you out of a good trades as a majority of indicators are lagging price.
Here are the key support levels for ARKK. The pointy white circle areas mark the points I used to determine support. I looked only for levels that have been used as support and resistance in the past. The red trend lines show that ARKK is currently in an upward trend. The ideal point to purchase ARKK would be on the touch of the bottom red trend line. The horizontal orange lines are areas where the price might also bounce from depending on how aggressive the buyers are.
Here are the key support levels for ARKK. The pointy white circle areas mark the points I used to determine support. I looked only for levels that have been used as support and resistance in the past. The red trend lines show that ARKK is currently in an upward trend. The ideal point to purchase ARKK would be on the touch of the bottom red trend line. The horizontal orange lines are areas where the price might also bounce from depending on how aggressive the buyers are.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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