$ARKK is completing a year-long distribution pattern. All eyes on the 69 level—below that, the path of least resistance is lower.
Take a look at the chart 👇
https://t.co/gUl8Zci5DP https://t.co/5HL41Uxi7R
Either $ARKK digs in here, invalidates the top, and rips higher, or we’re talking about big problems for risky, high-beta stocks.
Big level👇
https://t.co/11Hoxy6zir https://t.co/IAwZpJ1l1U
$ARKK is looking vulnerable here. The lower bounds of a topping pattern and the VWAP anchored to last April’s lows are now coming into play. https://t.co/JMM8dBz4DJ
After a hard retest, $ARKK is once again attempting to complete a textbook reversal base.
The path of least resistance is higher as long as it holds above 79. https://t.co/PekNRKbS6x
The most speculative stocks in the market are breaking out. $ARKK https://t.co/l8K93T88py
