LABU looks right here for a reversal. The Bullish Bat pattern is in play as we reached the 88.6% pattern today. We now have a chance to go to 50% fibo which is around $40.10
First target reached, have a stop in place to protect your gains.
Trade closed: target reached:
Sold 1/2 my position
Is LABU bull flagging and setting up for another run higher?
Trade closed: stop reached:
The bull flag on LABU is taking too long to move higher. I think its time to close the trade.
LABU could be set up again for another run higher. Possible Bull flag, and 61.8% FIBO retrace
Is it too late to buy LABU? Short term maybe. Look at the purple arrows. All are where I have sell signals (red SELL). The last 2 worked perfectly, now? If we get a strong break out of the bull flag, then BUY. We could get one more correction. IF you see what I mean?
Amazing how that worked out. Next target $32.50. Might be a good BUY there.