XBI great short - My favorite lately REJECT at 200 D SMAHas been supported by markets but not for long. check out 200 day ma..
LABU
LABU, ShortPerfect Ascending Channel and AB=CD, The price is most probably will keep falling to reach 26.
XBI remains bearish IMOThe gap may close to 57.30's but I'm expecting it to fall below mid 55's , where it should continue to drop IMO
LONG LABUApparently going up. False breakout because of the Brexit, and got back Immediately to the trend-line. Seems like it going according to the plan.
LABU, SHORT OR LONGIn my previous chart, LABU almost finished AB=CD pattern in a nice Ascending channel. I sold half of my short at 26.8, and keeping the other half to see how the price will act after reaching the lower side of the channel. I mean in the circle, I marked as Breakout.
** Not really sure what will happen in the breakout circle. may be a reflection and price will go up, or a continuation of the down trend.
** As marked in the figure, there is a high possibility that LABU is getting out of a bearish flag. If this will be the case, then the price will go down in a nasty way.
On the other hand if the price will be reflected in the breakout zone, then it will ride up probably above 45.
## For now I am not putting any new trade, just watching the rest of the short I have, until the picture in the breakout zone will get clearer.
Trade with care, but my advise to wait for now, as entering the trade whether long or short will be risky.
XBI - At Very Critical PointXBI below every major MA except 100 SMA and this lies on an important point in the Kumo. IMO if this breaks and sell off starts, it could impact the entire market.
PETX-third time maybe?Neat set-up here. The price got pushed over the 200ma by that little uptrend. There should be some room to the upside if this holds.
Bullish position on LABUI believe LABU is at great support zone, soon we'll see it getting to 0.236 resistance zone, which will be 30.86
BulliLABU, 3x leveraged Bio Medical ETF looks to be completing a Bullish Bat pattern. If this is the case you can expect a 50% retrace to the $30.78 target minimum. TSI turning higher and buying volume coming in!
$LABU LONG, RESISTANCE BREAKOUT$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.
$LABU long, resistance breakout$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.
