The XBI looks like it wants to break down, but at this point it is still in the consolidation pattern and can go either way. If I had been a little more patient and got all my entry off the bottom support when it touched it the 3rd time, I would have sold a portion and held some, but after getting back to green, it wasn't worth the risk to me to chance losing it all again.
Looking back at the weekly chart the price typically pulls back to the fib .382,
News 
Market Data 
Discover 
