This chart looks nasty and that is paradoxically good.
There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs.
At least bottom probably is found around these levels after a very violent 59% drawdown from ATH.
It is a bit early to tell but so far those macro selling volumes are looking to offset the buying climax at the top.
There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs.
At least bottom probably is found around these levels after a very violent 59% drawdown from ATH.
It is a bit early to tell but so far those macro selling volumes are looking to offset the buying climax at the top.
D7R
Down momentum is continuously strong across all growth equities.