Technical analysis ARK Innovation ETF (ARKK)ARK Innovation ETF (ARKK)
Limit buy - 107,5$
Target - 124,56
Risk/Reward Ratio - 4,34
Stop-loss - 103,05
ARKK trade ideas
ARKK - Bear Flag in 3DARKK has resistance at the 2h combo of the 8 EMA and MBB. In a Bear Flag the range is compressing.
Searching for support...and we may have found it at $100. I'm mostly invested in crypto, but you really can't discriminate when it comes to profit. I'm buying call options on this, strike price somewhere in the 200's.
sellers out in forceyes!
sell is a good idea for this one.
are all the buyers in? have we reached saturation point?
sell the sizzle. whos buying it?
support trend line is broken.
we need more CB liquidity man...
Rolled: ARKK December 17th 135 Short Call to 114... for a 1.27 credit.
Comments: This is the short call aspect of a December 17th short strangle. I rolled the call side down on approaching worthless to cut net delta by about half. As a standalone trade, it's short delta, but that is offset by the short put aspect's long delta, so looked at holistically, it's more of a neutral assumption setup when you look at both the short call and short put as a unit.
I originally put on the short strangle for 3.04 (See Post Below) and had a price target to take profit when it reached 50% of that or at 1.52. I'm going to keep that profit target the same by entering a good until cancelled order to take profit for 1.52 (my original target) plus what I collected for the roll -- 1.27 -- or 2.79. Put another way, I've collected a total of 3.04 + 1.27 in credits or 4.31 and 4.31 minus 1.52 (my original profit target) equals 2.79.
$ARKK Re-Claims the 30 Week MAI'm trying an early position here in $ARKK as it reclaims the 30 week MA. You can see my stop on the chart however, I'll likely keep it as long as it does not close under the 30 week MA. Shorter term MA's are pointing up so this looks like a low risk entry area with a well defined stop should it turn back down. Ideas, not trading / investing advice.
ARkk tri wedge As100ma getting close to price. Price most likely break
Downside and use 100ma as support to the upside.
$ARKK - In dip buy zoneI saw this count last week and it does appear to be playing out this way - wave 4 triangle. Either way ARKK should be seeing ATH next year before the market "tops" - it just likely will take longer than I anticipated. We should still see at a minimum - 172.
Soon my expectation is that big tech will stop getting all of the $ - and we will see a rotation back to the beat up names for the last hurrah - maybe we can see the rotation begin this week?!?
ARKKARKK having a potential inverse H&S pattern. If ARKK fills the gaps at 114 and bounces we can see it rally and breakout. A break above 125.74 can take it all the way to 140 level and potentially fill the gap above.
Pending setup on ARKK based on Historical BehaviourToday we will share a pending setup we have on The ARKK Innovation ETF managed by Cathie Wood. Another great asset in terms of technical behavior.
What's the key idea of this setup?
-Once we have a CLEAR correction, EXAMPLE: a formation with more than 150 days or a significant drop in the price like 2020. We draw the MOST external trendline using Higher lows; the idea is that any candlestick must not be visible above that line. Ok, once the price makes the first breakout of that line, we wait for a small corrective pattern, which can be something like 3 days or more than 15 days.
IF that happens, we trade above that correction with a stop loss below it and a take profit level at 2.5 Risk to Reward ratio. In the following picture, you can see the historical result of this strategy, EVEN in situations that we should NOT have entered. (we use a stop loss of 150USD as an example on every setup)
Alright, so is this setup going to be a take-profit? I DONT F@%#ING now. And honestly, I don't care about the specific result of it. The only thing I know is that I'm executing a setup under a strategy that I have a clear edge over, so I don't know the result of the next setup. However, I'm certain that the result of the next 10 setups will have a positive edge.
The risk I will be taking on this setup is 2% of my capital on the stop loss. That means that if everything goes wrong, I will lose 2% of my capital. The duration of this setup can be between 20 to 45 days.
Thanks for reading! Feel free to add any comment or idea.
Huge LONG$ARKK will be approaching $100 in the near future. Strong trend, I mean VERY VERY STRONG trend. Fundamentals are healthy too.
Looking to out perform SPY once again.
Active ETF's > Passive ETF's
Cathie Wood is the truth!
ARKK 1D - Golden Cross Coming UpARK Innovation ETF (ARKK) led by Cathie Wood is shown a possible near break of the triangle with a possible golden cross on the MA coming up very soon. I plotted fib levels to see how I we can possibly go. There has been consolidation since March 2021. It seems that a breakout is coming very soon.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
$ARKK - wave 2 dip buy soonARKK appears to have put in a 5 wave move from its wave 2 lows on oct 5. Expect 3 waves down to 115 area for a BTD spot. ATH's coming, likely next year Q1 or Q2. Buy time on that dip.
This might get wrecked tomorrow if Elon is selling 10% of his stake in tesla, so it could spark a deeper retracement, but 3 waves down will be a buy!
Side note: 3 waves down on Tsla is going to be a buy as well!
The shit show that cathy runs. This cathy chic bought zillow and sold it the next day , thinks tesla is worth 3000$ . It's my fantasy to make money off this girl. Tight stop loss , RR 3:1.
Closing (IRA): ARKK November 19th 104 Short Puts... for a .22/contract debit.
Comments: Collected a total of 5.02 in credits (See Post Below); out here for .22. 4.80 ($480) profit/contract.
ARKK Broke up channelARKK the popular etf of cathie woods, I personally love ARKK and tbh the TA tells me that we’re going up, we broke channel, we now trailing on trend line all the way up, I do believe that we will reach to $137 and I think as soon as the market opens I’ll take the trade with stop loss below the channel trend lines, of course must wait for indicators confirmation. That’s it guys keep it simple.
Opening: ARKK December 17th 106/135 Short Strangle... for a 3.04 credit.
Comments: Venturing back out into margin account trading land with this delta neutral short strangle in the December monthly camped out at the 18 delta strikes. This results in 2x expected move break evens at 102.96 and 138.05.
3.04 credit on buying power effect of 12.11; 25.1% ROC at max as a function of buying power effect; 12.6% ROC at 50% max. Will look to take profit at 50% max and/or manage sides on approaching worthless or side test.
Closing (IRA): ARKK November 19th 100 Short Put... for a .26 debit.
Comments: In for 2.09 (See Post Below), out for .26 here, 1.83 ($183) profit.
ARKK 200d MA crossoverARKK has found support below its 200d moving average and now is poised to break back up the upside
Massive bullflag on ARKK?Massive bull flag on the ARK Innovation ETF? I'm increasing my holdings here
