Ark ETF About To Fall Another 30%?

Sharing is Caring!

by Chris Kimble

Red hot Ark ETF (ARKK) has cooled off of late, losing over 30% of its value. Is it about to fall another 30%?

If this pattern is correct, it is possible it does!

See also  Airline, bank sites go down in another major internet failure... Global disruption

ARKK looks to have formed a bearish descending triangle over the past 14-weeks. Currently, it is testing the bottom of this bearish pattern.

If support breaks at (1), the “measured move” suggests ARKK could fall another 30%.

See also  Donald J. Trump: "I Was Right" (June 12th, 2021): "Have you noticed that they are now admitting I was right about everything

This ETF has been a proxy of the strength or lack of in the tech sector.

How ARKK handles this pattern, should send an important message about tech stocks over the next few weeks!

1,350 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.