SPDR Series Trust SPDR S&P Biotech ETF
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XBI is running into head & shoulder pattern

352
lets form the Right shoulder, it is good opportunity to scalp a long to 64.24 which happens to be in the clones level. Watch closely to see there is no further decline over neckline.
Nota
syot kilat looks every time when RSI dip to around 30, the bottom is formed. Finger crosssed, watch Monday closely.
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syot kilat SRPT pulled this down somemore, SRPT did mess the XBI chart, but I am ignoring the neckline violation. The h4 hammer was a good sign to long. Trade with caution.
Nota
technically we are still at the neckline, closed my position. will re-enter if it clear 60.81
Nota
s3.amazonaws.com/tradingview/snapshots/e/eNYCjA3u.png bottom build is in progress, this might resume the right shoulder build. Watch closely.
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This not valid for the moment, could be sideways, caution and keep an eye on it
Nota
this could be a perfect reversal signal
syot kilat
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