Global AutoIndex, $CARZ

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First Trust S-Network Electric & Future Vehicle Ecosystem ETF (BATS:CARZ)

BATS:CARZ First Trust S-Network Electric & Future Vehicle Ecosystem ETF

ElliottWave Ending Diagonal, ready to head lower. At least reasonable size IV wave should be under progress. In next larger degree not marked to the chart it is possible IV is missing for upside, but at least for several weeks if not a month this should be bearish sign for most car makers.

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