Long
ARK trying to break out
ARK has steadily climbed right back up to it's old IPO highs at around 4.50 from .03.
We need to break this resistance to see a new leg higher.
It has consolidated since September sideways under that level until bouncing off the upward sloping trend line, a bullish sign.
The longer we consolidate under this level, the stronger the break out might be. We want to be long over a strong break out of those old highs at 4.5 on good volume and if we hit overbought on the RSI.
Long over old highs around 4.5
Stop under 4.00
Target 6.74 (161.8% retracement of September to October consolidation range)
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!! DM me with chart requests or questions !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
We need to break this resistance to see a new leg higher.
It has consolidated since September sideways under that level until bouncing off the upward sloping trend line, a bullish sign.
The longer we consolidate under this level, the stronger the break out might be. We want to be long over a strong break out of those old highs at 4.5 on good volume and if we hit overbought on the RSI.
Long over old highs around 4.5
Stop under 4.00
Target 6.74 (161.8% retracement of September to October consolidation range)
--
!! DM me with chart requests or questions !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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.
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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.