Elliott Wave Analysis of IBB (Biotech Sector ETF) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of IBB (Biotech Sector ETF) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. A quick glance at a weekly chart of IBB (above) shows the obvious parabolic rise into the July 2015 top. Parabolic bubbles are followed by crashes, so is the crash in the Biotech sector already finished, as […]
Elliott Wave Analysis of the iShares NASDAQ Biotechnology ETF (IBB) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the iShares NASDAQ Biotechnology ETF (IBB) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. As the weekly chart above clearly shows, the biotech sector has been experiencing a parabolic rise since October 2008. From that low, I can count 5 clear (black) waves up through the recent March […]
