ARKK is breaking below the triangle after the rejection from 39.70, the triangle’s upside resistance. This ongoing break is below 37.60 and strongly indicates that the triangle is being broken to the downside.
How to trade this?
This is an excellent opportunity to short most of the tech companies included in the ARKK as they are reversing lower on the market. Stop loss should be at the middle of the triangle above 38 and the target is 31.