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

[Sendme]

LOL I see that, sorry I can't reply as fast as I used too, back to work and not able to trade like I used to. OK, so don't laugh at me, but my strategy is to see a full candle above/below a trend line and then a continuation within the next day or two. But now that I have taken another look at several indicators, it looks pretty bullish when looking at the LABD chart. The only things that I see on the bearish side is the 20 MA crossed back below the 50 MA and the price has been stopping at the bottom of the Ichimoku cloud. But I think that will change here soon. Good luck my friend.


using the Ichimoku cloud indicator


Williams Alligator and Fractal chart


Moving averages getting closer together. If they start to cross up that will also set off more buying radars. And I like to say that once they start to cross, the top MA is a possible target. I also like to see about a .10 break above the full candle above the trend line ( todays candle was above the trendline.)


Also noticed some bullish candlestick patterns that I am sure triggered radars today


weekly IBB chart


This is from Adam Khoo, he has several great trading ideas/strategies