$LAB ... Sellers Still Holding The Upper Hand.....!!
Guys... this recovery doesn't change the bigger picture. The rejection from the resistance zone is keeping the bearish structure completely intact, and I still see sellers controlling the direction of this market.
I'm expecting LAB to continue moving lower as long as price remains below 15.012. The next downside levels I'm watching are 13.005, 12.511, and 11.800. Until buyers reclaim the broken resistance, I don't see any reason to fight the trend.
The strongest trades come from following momentum, and right now, the momentum still belongs to the bears.
$LAB
Guys... this recovery doesn't change the bigger picture. The rejection from the resistance zone is keeping the bearish structure completely intact, and I still see sellers controlling the direction of this market.
I'm expecting LAB to continue moving lower as long as price remains below 15.012. The next downside levels I'm watching are 13.005, 12.511, and 11.800. Until buyers reclaim the broken resistance, I don't see any reason to fight the trend.
The strongest trades come from following momentum, and right now, the momentum still belongs to the bears.
$LAB