Repeating Pattern

The last update on biotech, XBI was here.

Price action went on to post a new high and, in the process, may have completed a repeating pattern set-up:

Spring-to-Up-Thrust, link here.

The indication is subtle.

There’s no doubt we’re at the very edge of the lake as Wyckoff (and Weis) used to call it.

However, this is also the point where the risk (for a short) is least (not advice, not a recommendation).

Stay Tuned

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