IBB - iShares Biotech EFT - SHORT (Wyckoff Redistribution)

IBB looks to be in a Wyckoff Redistribution phase, with UTAD emerging currently.

On a larger time frame, looks as though a weekly H&S patter forming with the re-distribution section acting as the right shoulder.

My price target is $57, in line with the 1.618 fib extension.
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