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Direxion Daily S&P Biotech Bull 3X Shares
Short

LABU, Short

By saif12
Updated
Perfect Ascending Channel and AB=CD, The price is most probably will keep falling to reach 26.
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going down smoothly and surely
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watch out the price, it is on the channel edge, it is not clear to me where it will go. I will get out, and wait few days to see. :) Do not bee greedy.
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I was shorting at 39, I sold half the short positions at 26.8, will sell the second half before the end of the week. I will be looking to go long early next week. Just wanted to see what will happen this week with the noise regarding brexit.
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tradingview.com/chart/7GhBjz43/
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snapshot
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snapshot
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Watch at the end of coming Friday 15th of July, it will be time for head scratch> whether it will break the trend line or not. It will be an important day. Good luck
LABUshort

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