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

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FWIW A couple of weeks ago I posted what I thought was going to be a possible Cypher pattern, but the prices just didn't hit the correct targets. So here I am at a second attempt to see if the targets get hit.
This would be a bullish Cypher pattern if it makes it to point D. And notice that it has already made one last July to November.

Time for one of my cluttered charts, but I will explain

This is a chart from last year

This is just a possibility, NOT a guarantee that a Cypher pattern will form. But point D would be a fib .382 retrace from the last big swing low and also retest the last structured support that I thought was going to get tested a couple of weeks ago and didn't.

Looking at the overall picture of the IBB, last year it didn't put in a cypher pattern when the XBI did in July. But this time it has the potential to form one.