I see a narrowing triangle. Triangles we love especially squeezed ones with a bit of consolidation visible.
I will not enter from point 1. First we need to observe bounce back from 1 and rejection at point 2 so basically one more touch on each sides of the triangle.
If that occurs, I will start opening position on point 3.
we see 2 influential figures coming head to head. Burry & Cathie.
Although Burry is more on Tesla bubble, still these kind of names have an overall impact on whole ARK etfs.
Thread carefully, my thoughts on Burry`s stance is a bit low. Yes the total market is high, yes the run after covid has been very steep but if you open a short position for that long (>1 year) eventually at one point you will see a correction. So without giving a timeline, it is easy to say there will be a market crash. Every 18 - 24 months, SnP 500 does more than %15 downwards correction. That correction might be %20-25 on ARKK. This does not mean you are right.
If you say in Q3 21 I expect that crash/correction, and it happens then yes you are right. Timing is the most important thing.
I will not enter from point 1. First we need to observe bounce back from 1 and rejection at point 2 so basically one more touch on each sides of the triangle.
If that occurs, I will start opening position on point 3.
we see 2 influential figures coming head to head. Burry & Cathie.
Although Burry is more on Tesla bubble, still these kind of names have an overall impact on whole ARK etfs.
Thread carefully, my thoughts on Burry`s stance is a bit low. Yes the total market is high, yes the run after covid has been very steep but if you open a short position for that long (>1 year) eventually at one point you will see a correction. So without giving a timeline, it is easy to say there will be a market crash. Every 18 - 24 months, SnP 500 does more than %15 downwards correction. That correction might be %20-25 on ARKK. This does not mean you are right.
If you say in Q3 21 I expect that crash/correction, and it happens then yes you are right. Timing is the most important thing.
İşlem aktif
Number 1 is validated. If we hit number 2 and get rejected, I will open position on Number 3İşlem aktif
Number 2 is validated. I will enter around 77-78$, as I always say, if you have 100, then open position with 10, then add 20 around 70$ in case it comes back or goes above 86 to play catch up
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.