Direxion Daily S&P Biotech Bear 3X Shares (LABD)

[Sendme]

Some ideas on the IBB. Looks like it is still inside a small pattern between 302 and 285. Looking for a solid move and follow through to break one of the supports or resistances. Have a great weekend SD.



Another look at the weekly chart. I would also like to see a full candle outside of the triangle pattern followed by another candle in the same direction to confirm the break out.

Daily chart, if price breaks below the black line and forms a full candle below it then follows through the next day with a continuation/confirmation candle, it could go down a lot more.



Several indicators are also bearish