XBI is running into head & shoulder pattern

lets form the Right shoulder, it is good opportunity to scalp a long to 64.24 which happens to be in the clones level. Watch closely to see there is no further decline over neckline.

Kommentar:

looks every time when RSI dip to around 30, the bottom is formed. Finger crosssed, watch Monday closely.

Trade ist aktiv:

$SRPT pulled this down somemore, $SRPT did mess the $XBI chart, but I am ignoring the neckline violation. The h4 hammer was a good sign to long. Trade with caution.

Kommentar:

technically we are still at the neckline, closed my position. will re-enter if it clear 60.81

Kommentar:

s3.amazonaws.com/tra...shots/e/eNYCjA3u.png bottom build is in progress, this might resume the right shoulder build. Watch closely.

Trade wurde manuell geschlossen:

This not valid for the moment, could be sideways, caution and keep an eye on it

Kommentar:

this could be a perfect reversal signal

Trade wurde manuell geschlossen