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XBI is running into head & shoulder pattern

Long
SPDR Series Trust SPDR S&P Biotech ETF (AMEX:XBI)  
swinger Updated   
AMEX:XBI   SPDR Series Trust SPDR S&P Biotech ETF
Head and Shoulders biotech clones
9
11
headandshoulders biotech clones
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.
Comment:
snapshot
looks every time when RSI dip to around 30, the bottom is formed. Finger crosssed, watch Monday closely.
Trade active:
snapshot
$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.
Comment:
technically we are still at the neckline, closed my position. will re-enter if it clear 60.81
Comment:
s3.amazonaws.com/tra...shots/e/eNYCjA3u.png bottom build is in progress, this might resume the right shoulder build. Watch closely.
Trade closed manually:
This not valid for the moment, could be sideways, caution and keep an eye on it
Comment:
this could be a perfect reversal signal
snapshot
Trade closed manually
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