$XBI - Big potential in either direction on the monthly
Updated
Monthly chart. I see a head and shoulders where we're rounding out the right should right now to the downside with a great put play. However, we are above all VWAPs and EMAs on the monthly with some thin volume profile above. Current month has a bullish candle so there's a chance we negate the H&S and send it higher. If it goes higher, I bet we see $112 and $125 as levels - or around there.
Trade active
Looks like this thing is getting ready to go!
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