Biotech has been hammered since Feb 2021. This ETF is still down 50% + from it's all time high. It formed a double bottom and now a small bullish flag. Target is 97. Longer term 122,134
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We move higher on support, or break back into the channel and we get stopped out. Either way, the RR on this trade looks good.
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Adjusting the flag pattern. Bull flag still valid and trade still active