Ark Innovation ETF Retracement Play

2020年10月30日

If ARKK top was around 105/share. Using fibonacci retracement I would expect long opportunities to open up starting possibly around 0.5 fib (approx 70.00/share) and more likely around the golden ratio around 0.618/0.65 fib (approx 60/share). The golden ratio also corresponds closely with the 200 day ema on the 2D chart which should act as a strong resistance.

Please share your opinion and/or challenge mine.

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