CosmicDust

IBB watch - parabolic - 3/22/2015

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
IBB
63 5 1
ibb
Typical parabolic move, and we've seen this for gold             , bitcoin             , etc. etc. I am watching it for signs of collapsing and seeking to profit from it. This may take some time and needs patience. Will update periodically.
zoom in a little
snapshot
Reply
jangseohee jangseohee
the big blue channel is to wrap in as many price data as possible, but still i have to leave up some
next, in that blue channel, price having touch channel bottom(support) on July 2012, it have been engaging in purple accelerated channel and i believe if the blue is valid, price will want to touch it at least once, exact time unknown, i will follow the purple channel, until at least i see a topping pattern such as rising wedge, or HS
Reply
i had an unsuccessful short previously, but lets see whether the new channel can tell where is the resistance
snapshot
Reply
CosmicDust jangseohee
It has to fall out of your channel first... before we are even able to talk about a trend change. Hard to pinpoint the exact top though but move like this apparently is not sustainable. Patient and patient, let it come to us.
Reply
2use jangseohee
You and me both...i just sold off too early
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out