I was looking forward to today, this week, on whether we will be rejected by the downward cross resistance line or not and we got rejected.
This is not good because twice rejected and twice got support confirms the narrowing wedge formation (thick blue lines converging)
I draw the path I expect this etf to follow. I am in since 9 months on this ETF and my cost average is 90....Knowing where it is headed, I will not sell but start averaging down around 67-70 dollars.
I routinely buy certain ETFs and ARKK I pay a bit more attention due to current trends so I skipped routine buys for the last 3 months due to fall it is heading.
This is not good because twice rejected and twice got support confirms the narrowing wedge formation (thick blue lines converging)
I draw the path I expect this etf to follow. I am in since 9 months on this ETF and my cost average is 90....Knowing where it is headed, I will not sell but start averaging down around 67-70 dollars.
I routinely buy certain ETFs and ARKK I pay a bit more attention due to current trends so I skipped routine buys for the last 3 months due to fall it is heading.