The most bullish pattern in technical analysis just completed in biotech.
Look at the iShares Biotech ETF. A deep, rounded cup, years in the making, then a tight handle forming right near the highs, on falling volume. That last detail is the tell. The handle drifts lower while volume dries up, because the sellers are exhausted.
This is the cup with handle. William O'Neil's signature setup, one of the three great bullish patterns in CAN SLIM. It marks the moment a long base resolves into a new high.
Biotech has been left for dead for years.
The chart says that's ending.
#IBDPartner, Chart by Marketsurge