TradingView
zendaddy
Dec 2, 2015 4:29 AM
IBB - Breaking out or down from wedge?
NASDAQ:IBB
1D
iShares Biotechnology ETF
NASDAQ
Description
⋅
Dec 2, 2015 4:29 AM
Wedge formation. Rising RSI on daily. Weekly chart looks weaker.
Comments
Will_Wong
⋅
Dec 2, 2015 4:51 AM
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.
Will_Wong
⋅
Dec 2, 2015 4:58 AM
zendaddy
⋅
Dec 2, 2015 5:00 AM
Thank you! I went back and re-drew it after your comment. Learning!
Will_Wong
⋅
Dec 2, 2015 5:27 AM
You are welcome. Added EW count
More