ARKK: couldnt hold support 45 and continued to slide down till next support zone. While daily buy signals are present, a weekly buy signal has not yet emerged. This suggests the possibility of a short-term bounce from this point before a potential further decline in September. The critical levels of support for bulls stands at $38 (0.786 fib) and 35 (stronger) which will validate the impulsive wave count.
Comment:
Great move from 35 and 38 levels. Took some profit at 48. My SL move to $40 level for the running positions