-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
IBB D4: TOPPED OUT // correction looming // SHORT IT!(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: IBB / Biotech sector is maxed out ::: previously a steep 100% run up ::: unsustainable ::: hype is already gone ::: 30/40% correction incoming for IBB ::: VERY limited upside from here ::: rotate out of biotech now ::: expecting correction MODE ::: alternatively you can also SHORT IT ::: SHORT IT 25% gains at least short-term ::: more coming over next few months ::: unsustainable gains, game over now ::: distribution at the TOP setup ::: spells MAJOR trouble for the BULLS ::: BEAR cubs will turn into GRIZZLY ::: expecting CORRECTION to last next 4-8 months ::: distribution at the top in progress ::: will lose up to 40% during correction ::: There is no upside in this market ::: Get out / trim exposure / or SHORT IT ::: Game over bulls and market will shift ::: into BEAR mode September/October 2020 ::: either way setting up for 40%+ correction ::: 4-8 months of correction incoming soon ::: better be prepared in advance ::: when there's GREED there's also PAIN ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISH
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