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hankchef
Jun 18, 2016 3:40 PM

IBB MIGHT RETRACE TO 237.88 

iShares Biotechnology ETFNASDAQ

Description

A potential AB=CD pattern and butterfly pattern , I won't buy until 246 and 237.88.
Stoploss should be around 232.

Comment

approaching target of AB=CD, prepare to load part of the position at 246, another buy at 237

Comment

A good reversal at the PRZ(potential reversal zone) around AB = CD's completion point D to Butterfly Pattern completion point D

Comment

should take half here and let the profit run on the rest

Comment

Take partial at 786 resistance here

Comment

target reached

Trade closed: target reached

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