Amazingpowerpatternguy

IBB, GILD and CELG - Is this where we see a bear channel build?

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
49 0 0
As you can see this issue has broken its green uptrend to the downside. Now its all about whether or not this issue and those who look like it ( CELG             , GILD) build out bear channels (orange) and then break to the downside once they complete a bear channel . Later today I'll be posting more charts that look like these so stay tuned for more.


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