ARKK close to completing inverted H&S formation
Daily chary: Entry point as the candle closes above the neckline at $136.23.
Stop loss: $112.80
Take profit: $166.23
Risk/Reward Ratio: 1.28
Same pattern shows on the weekly chart. You could enter slightly earlier at $130 if you consider the main body of the head's candle instead of the top wick.
Pattern negated if price drops outside of it.
Stop loss: $112.80
Take profit: $166.23
Risk/Reward Ratio: 1.28
Same pattern shows on the weekly chart. You could enter slightly earlier at $130 if you consider the main body of the head's candle instead of the top wick.
Pattern negated if price drops outside of it.
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