XBI Hitting Channel Bottom with Strong Reversal Candles

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Waiting for sideways consolidation and a small double bottom for confirmation.

Entry @ Approx 82.95 within a day or two after a second small bottom peak. Stop @ Approx 81.25 Exit @ Approx. 86

Risk maximum of 2% Reward approx 3.7%. Can increase investment once channel starts to trail upwards.

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