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dorfmanmaster

Big Biotechs Ascending Triangle

iShares Biotechnology ETF (NASDAQ:IBB)  
dorfmanmaster  
NASDAQ:IBB   iShares Biotechnology ETF
Triangle Support and Resistance Candlestick Analysis biotechnology IBB XBI BBH healthcare Ascending Triangle continuationpatterns hammercandle momentumstrategy
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triangle supportandresistance candlestick biotechnology ibb xbi bbh healthcare ascendingtriangle continuationpatterns hammercandle momentumstrategy
IBB is forming an ascending triangle, which is a continuation pattern after the breakout.

Important to note the 20sma, which has been very supportive in the trend. The is also some support we can see many candlesticks with bottom wicks, meaning the shorts were met with buyers very quickly.

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