Does ARKK have further down to go?

15 במרץ 2022

It certainly seems the bubble has popped in ARKK, but is the bottom in or is there still further downside? We are entering a major area of support so should expect a bounce. The structure has many similarities to the 2000 bubble with the brief consolidation after the top was in followed by a extremely sharp leg down followed by some bounces and further moves lower. Or is the downside mostly done and we should expect a strong bounce and test above $100?