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

[Sendme]

Gonna revise my last chart, I still think this is setting up a trend continuation with a pull back between fib .618-.786 around 6.02ish

I am trying my best to try to find patterns to trade with higher probability of success. I gave up trying to find bottoms exactly or determine every daily swing (still working on that scalping thing. LOL)
This is the same chart as above, but it shows a trade that would have worked in reverse (favor LABU) as well. This trade idea is based on taking profits at a double top as target 1 if you are scaling out and keep some at a break even for a possible continuation, which would have worked nice on the LABU trade.