See my recent published chart on NVIDIA. Now look at the ARKK comparison.
Red point of control "1" (44) was when ARKK was at all time highs 160
Yellow point of control "2" is the current poc (38)
Multiple volume profiles drawn at various points to current day:
1. Swing high
2. Swing low
3. Point of recent lift off
4. Large timeframe low
Excluding "4", fair value is 500's
Current point of control is 450's
Note dropping volume into the rise. Not typically a bullish sign.
"4" can be achieved. See published chart of ARKK for similarities...
Reproduced these...
