Premium Preview: IBB Be Deciding

$IBB Day chart shows a green colored bullish pattern, a Gartley is in Retrace Mode to the upside, so far the retracement is shallow which suggests a revisit to 240.03 or to lower extended harmonic pattern targets as noted on the chart.  There is a saving grace for upside move since there is a shift in directional bias to upside and that scenario will increase with a hold above 289.5 but then more important above 304.2.  It would be at this juncture that the probability of testing 352.14 increases.

So basically price is in between opposing emerging patterns and the initial level for price to hold above or below is 289.5 for clarity in which targets are sought.

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