I saw this count last week and it does appear to be playing out this way - wave 4 triangle. Either way ARKK should be seeing ATH next year before the market "tops" - it just likely will take longer than I anticipated. We should still see at a minimum - 172.
Soon my expectation is that big tech will stop getting all of the $ - and we will see a rotation back to the beat up names for the last hurrah - maybe we can see the rotation begin this week?!?