MoneyPatterns

IHI - Pullback coming mid January-Feb. 2020

Short
AMEX:IHI   iShares U.S. Medical Devices ETF
THIS IS NOT READY YET IMO

IHI - Medical Devices ETF
Forming an ascending wedge similar to much of the market. Bearish pattern .
Pattern runs out of room February 2020. Watch closely Jan. 15 2020 going forward for entry.

When Weekly trend turns bearish and gets close to white resistance line for breakdown, this would be entry point.
I will update getting closer to mid-January if not sooner.

After the correction, it would be good to consider long entry based on past chart (if we don't have market meltdown).

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC , BTCUSD , GDX , and VIXY .
Short SPY , AAPL

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter