Elliott Wave: Triangle Wave B in a Zigzag Correction
ARKK has declined in 5 waves from the top built at 2021/2/16,
after bottomed at 2021/3/5, the price trended sideways, and it seems formed a Triangle,
therefore I expect there will be further downside to complete a larger degree Zigzag,
which will be bottomed at the price range of subwave 2 of (3) since the subwave 1 of (3) appears to be extended
But Triangle can be very tricky,
therefore an alternate count indicates that the Triangle can be just part of the whole wave B,
which means there will be one more leg goes up to complete wave B
after bottomed at 2021/3/5, the price trended sideways, and it seems formed a Triangle,
therefore I expect there will be further downside to complete a larger degree Zigzag,
which will be bottomed at the price range of subwave 2 of (3) since the subwave 1 of (3) appears to be extended
But Triangle can be very tricky,
therefore an alternate count indicates that the Triangle can be just part of the whole wave B,
which means there will be one more leg goes up to complete wave B