Thursday, January 19, 2017 11:14:57 PM
XBI geometric Fibonacci chart...
poised to rally here in my view.... but who knows what will happen.
target zone around 70-80 is a danger zone as a resistance shoulder in the grand pattern. IF the powers would crash a market in 2017, then maybe the XBI will see its demise when it gets to that Resistance shoulder around the high 70's.
maybe 80.
70 marks the beginning of the major resistance zone, which is why it faltered at 69 previously. Its a danger zone above 70.
poised to rally here in my view.... but who knows what will happen.
target zone around 70-80 is a danger zone as a resistance shoulder in the grand pattern. IF the powers would crash a market in 2017, then maybe the XBI will see its demise when it gets to that Resistance shoulder around the high 70's.
maybe 80.
70 marks the beginning of the major resistance zone, which is why it faltered at 69 previously. Its a danger zone above 70.
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