CELG ..pretty clear there where one would be waiting to buy the dip on CELG using the 60min w/RSI not once, but 3 times ! But also the short from the OB after that first quick bounce off $40 to $45 forming that lower shoulder and d-top there from the July 24 $50 touch .
CELG did form a pretty good H&S which could trgt $37 eventually , but the 60min chart /RSI does show it bouncing earlier off $40 for the cover buy/long , though not as clear the daily . Your chart doesn't go back far enough , but would show OB pivots just as clear on the 60min up at $50 . All just so neat and nice ...
60min also shows the SMH getting ready for some pullback last thurs/fri from extreme OB @ $34.50 ...so the short on some of the semis was in order if someone can post that chart .
Daily has it right @ rsi 70 , though didn't pull back much SMH also bounces right off the OS touch to 30 on the Daily... thjen another bounce off the OS on the 60min @ $30.50.
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