Reading Time: 2 minutesCathie Wood-led Ark Invest made significant trades on Tuesday, including a noteworthy move involving Zoom Video Communications ZM and Nvidia Corporation NVDA.The Zoom trade took center stage, with Ark Invest purchasing $8.1 million worth of Zoom shares, based on Tuesday’s closing price of $65.83. Ark Invest purchased 122,831 shares of the company through ARK Innovation
Dissecting The All Too Famous Zig-Zag Pattern
A zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The wave sequence is 5-3-5.
- A three wave move in Wave A, signals a flat or triangle for Wave B
- A triangle always occurs in a position prior to the final wave
- Wave C is the final wave in the sequence