XBI

$XBI has fallen twice now due to a ascending wedge. I believe we have reached the peak of the 3rd. There is strong resistance which the price was rejected off of. There is a significant divergence on the 4 hr chart marked by the purple line. There has been an increased number of divergences on lower timeframes as we reach the end of this suggested pattern. The video I provided goes into a far more detailed explanation across a range of different timeframes.https://www.youtube.com/watch?v=gaj9w42eop4&t=34s

Conclusion:
Short term Neutral
Medium term Bearish
Long term Neutral

www.youtube.com/watch?v=gaj9w42e...