ARKK INNOVATION ETF (ARKK) • Volumes suggest bottom may be in
ARKK volumes on 3D and weekly look particularly interesting.
Nice V-shaped signatures suggest significant sell from weak hand into strong ones.
There is however the possibility of a double bottom formation with lows around 94 but overall I think this correction has ended or at least pretty soon.
Invalidation of this idea is trading bellow 90k until get above 100 again.
The 122 is a significant price level to pay attention. It's the resistance that will become support once broken.
Nice V-shaped signatures suggest significant sell from weak hand into strong ones.
There is however the possibility of a double bottom formation with lows around 94 but overall I think this correction has ended or at least pretty soon.
Invalidation of this idea is trading bellow 90k until get above 100 again.
The 122 is a significant price level to pay attention. It's the resistance that will become support once broken.
D7R
