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Flash430
Jul 4, 2018 9:59 AM

IBB short biotech going to low 80s Short

iShares Biotechnology ETFNASDAQ

Description

If this chart pattern plays out we are looking at a huge downside acceleration.
EW count is on the precipice of a third of a third of a third wave lower.
Also classic H+S top with neckline break needed for confirmation (target 83 area).
Short 110.50, stop 115.50, target sub 85 level coming weeks/months. 5/1 return/risk.
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