UnknownUnicorn121770

IBB Possible 5-10% retrace

Long
NASDAQ:IBB   iShares Biotechnology ETF
ibb
- Price above correction base POC.
- Plenty of vol catching this, making a higher low since the Black Monday's sell off.
- Some nice volume with the pop of the trendline resistance.
- Three 'white' soldiers on 1H time frame.

First stop the naked POC at ~310, if this breaks a move up to ~320 with a max of ~334 before continuing its path down.
Comment:
Scaling/positions on TV unfortunately is not working as expected :)
Trade closed: target reached:
T1
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