StockCharts TV on $ARKK (Nov 4, 2026)
ARKK has a bearish head-and-shoulders with a downward-sloping neckline and little support below; worsening momentum could return it to the August lows, with a waterfall possible if new buyers are not immediately rewarded. Its weekly bullish breakout, completed weeks ago after a year, is back below the breakout zone, pressuring the bullish setup; not canceled while price holds above the right shoulder, but worrying.
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So, it's very similar with the Arc box. This is also a clear bearish "head and shoulders" pattern with a downward-sloping neckline, which is sometimes more worrying. So, it's the same thing, isn't it ?
It's below that line. There isn't much support below it, and we can simply observe how the momentum, if it worsens, could easily lead us to see a return to the August lows down there.
That's how things go. Of course, it does indeed drop by that much . It wouldn't take much to create a waterfall effect. Again , if the next group of buyers entering the market is not rewarded immediately, as has of course happened many times over the past year .
It is also important to note on this weekly chart that “Ark” took a long time to form this bullish pattern and finally break out of it. As we can say, this started a year ago in October and November.
The breakthrough was finally achieved after numerous attempts just a few weeks ago. We've had a few weeks of good upswings, but we're now below that breakout zone again. Therefore, it is not surprising that the presence of a bearish pattern in formation puts the bullish pattern under pressure.
So again, I wouldn't consider this completely canceled just yet, as the price is still above the right shoulder, but it is certainly worrying.