ARK ETF repeating Dow's Great Depression?

5 במאי 2023

The ARK Innovation ETF (ARKK) ever since (even before) its Peak on February 16 2021, has been printing a pattern similar to the one that Dow Jones (DJI) formed during the 1920s/30s Great Depression.

Right now it appears to have rebounded on Leg (f), which is the market bottom, and is pulling back to form Leg (h). According to Dow's blueprint, ARK should rebound aggressively above the 0.382 Fibonacci retracement level to Leg (i).

Do you think the worst is over for the tech driven ETF?

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