Is ARKK Seeking A bottom Near Fib Amplitude Support?

Looking at this chart, one could argue the past 12+ months have erased all of the excesses of the post-COVID speculative rally.

One could argue that ARKK is nearing historical support and may be attempting to establish some type of base/bottom levels.

I would suggest that ARKK may attempt a "wash-out" low price over the next few weeks - where price attempts to FLUSH OUT early longs. But it seems to me ARKK is nearing strong support from 2018-19 levels and may attempt a recovery rally throughout the end of 2022 (possibly).

Time will tell.

May be worth looking into some CALL options on ARKK at these levels?