ChannelsARK Innovation ETFBATS:ARKKpaper_Trader1775ARKK is in a downward channel. It recently overcame the midpoint, but now it is wrestling with the 200 EMA (orange) around 73.98. If it overcomes that level, the next resistance will be the 50 EMA (blue). If price succumbs to the resistance, we may see it cycle back down to the support of the downward channel.