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Cathie Wood-Led ARKK Continues Consolidation Under Bellwether Indicator, Forms Bull Flag: A Technical Analysis

The Cathie Wood-led ARK Innovation ETF (ARCA: ARKK) was slipping about 0.6% Monday on lower-than-average volume, possibly due to Coinbase Global, Inc’s (NASDAQ: COIN) retracement, the latter which is the largest holding within the ARKK fund.