IBB D2: TOPPED OUT // correction looming // SHORT IT!(NEW)
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-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
IBB D2: TOPPED OUT // correction looming // SHORT IT!(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBB / Biotech sector is maxed out
::: previously a steep 100% run up
::: unsustainable
::: hype is already gone
::: 30/40% correction incoming for IBB
::: VERY limited upside from here
::: rotate out of biotech now
::: expecting correction MODE
::: alternatively you can also SHORT IT
::: SHORT IT 25% gains at least short-term
::: more coming over next few months
::: unsustainable gains, game over now
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEAR cubs will turn into GRIZZLY
::: expecting CORRECTION to last next 4-8 months
::: distribution at the top in progress
::: will lose up to 40% during correction
::: There is no upside in this market
::: Get out / trim exposure / or SHORT IT
::: Game over bulls and market will shift
::: into BEAR mode September/October 2020
::: either way setting up for 40%+ correction
::: 4-8 months of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
IBB D2: TOPPED OUT // correction looming // SHORT IT!(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBB / Biotech sector is maxed out
::: previously a steep 100% run up
::: unsustainable
::: hype is already gone
::: 30/40% correction incoming for IBB
::: VERY limited upside from here
::: rotate out of biotech now
::: expecting correction MODE
::: alternatively you can also SHORT IT
::: SHORT IT 25% gains at least short-term
::: more coming over next few months
::: unsustainable gains, game over now
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEAR cubs will turn into GRIZZLY
::: expecting CORRECTION to last next 4-8 months
::: distribution at the top in progress
::: will lose up to 40% during correction
::: There is no upside in this market
::: Get out / trim exposure / or SHORT IT
::: Game over bulls and market will shift
::: into BEAR mode September/October 2020
::: either way setting up for 40%+ correction
::: 4-8 months of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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🔥primary telegram channel
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🚀75%+ win rate free gold signals
t.me/syndicategold001
🏧MT4 Forex EA/bot 5%/day AI algo trading
breakoutedge.cc/
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