XBI monthly,  recent bearish candles

    Posted by ridgetopab on 18th of Feb 2021 at 03:57 pm

    XBI monthly,  recent bearish candles resolved to upside, will Feb do the same?

    Extreme moves above the MA(50) eventually result in corrections back to it, or at least the MA(20).

    Runs last 18 - 24 months, corrections  3-6 months.  Strong support a long way down from the current peak

    daily test and fail at the channel today

    XBI monthly - Chart Link

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