raising price target to 9.50

looking for price action to close above D leg of the previous ABCD pattern, and the 3rd Elliot wave. Also looking for these to act as future support levels for any retrace.

Comment:

Comment:

where I initially saw the 40% move

Comment:

Comment:

c leg has held the retrace in biotech so far

Comment:

and got long after the short

Comment:

bull flag breakout on xbi

Comment:

4hr chart w/ a 1.618 fib level is at 92.09

Comment:

Comment:

that should put labu at 9.50-10 range

Comment:

4hr AD showing an Ascending Triangle

Comment:

just freaking beautiful

Comment:

xbi heading to $92

Comment:

$160 target for XBI the Biotech ETF, extremely bulish for LABU

Comment:

Monitor this 30min chart of XBI

Comment:

im monitoring the .618 fib level on the 30min chart potential inverse head and shoulders pattern. Im buyer of all dips

Comment:

calls locked in 7.50 strike expiration June 30th

Comment:

Comment:

Comment:

xbi cup and handle forming on lower time frames

Comment:

5mi chart of XBI , waiting for the 50 day moving average to cross this spike level, which should then push XBI to $91 area... looking for bullish continuation to the higher time frames as well.

Comment:

waiting for the key moving avg to cross over the daily spike level on LABU

Comment:

another good entry point on LABU

Comment:

would love to add at 84

Comment:

something im seeing

Comment:

will buy it back above $7.50 currently short, stop $6.70