After years of accumulation, FBIO broke higher with clear signs of strength, marking what appears to be the first leg of Wave 3. The pullback held up well, behaving more like an LPS and fitting a Wave-2-of-3. From here, with the structure now lining up for the early acceleration of the main Wave-3-of-3 move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.