ConvictionTrades

TARK, getting ready for the upcoming bullish move

NASDAQ:TARK   AXS 2X Innovation ETF
TARK
ARKK
TARK the 2x ETF based on the popular ARKK etf is on the move. I am expecting a bullish climb into the close of the year. I have laid out the trajectory but most importantly the levels at which to short it as it moves higher to collect profits on the way. Magenta and yellow arrows are where to initiate shorts and white arrows are for exits. Technically TARK can be bought here but if you are interested in a better risk-to-reward ratio I would suggest the cyan or yellow arrows. But is it even going to get that low? I am not sure. My focus here is on the short side but again this can bought here or at aforementioned arrows if you don't mind missing it.
This is what I am doing with my money. You do you!
Good Luck

Trade active:
TARK has hit my support level shown by cyan arrow so this trade is for sure live now. Next level will be 67.33 which I expect it to hit then retrace slightly and then continue to the level shown by pivot 1 (first magenta arrow).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.