zendaddy

IBB - Breaking out or down from wedge?

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
18 4 0
Wedge formation. Rising RSI on daily. Weekly chart looks weaker.
If you draw the top line to touch the 4 points, you can make the case that IBB had already broke out to the upside about 9 sessions ago.
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Will Wong Will Wong
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zendaddy Will Wong
Thank you! I went back and re-drew it after your comment. Learning!
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Will Wong zendaddy
You are welcome. Added EW count

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