Spotted potential cup and handle bottom on XBI
If the handle resistance is broken, it could have a nice rally up to at least $77.
Lots of wedge bottoms forming too which makes this set up even more bullish in my opinion.
However, the indicators look high on the 4 hour, so they might need to "recharge" before a breakout happens.
Lots of wedge bottoms forming too which makes this set up even more bullish in my opinion.
However, the indicators look high on the 4 hour, so they might need to "recharge" before a breakout happens.