May 17th Scaled into $LABD (3x Bearish Biotechnology ETF) short Term Target of $60 by Mid June

$LABD initially thought on Monday 5/16 that a H&S was forming, how quickly you have to adapt. I believe we are now looking at an Ascending Triangle. As we get closer to June. I will revisit the chart, and draw two set of parallel lines which should be trending upward creating both a Higher High and  Higher low pattern, which should be clearly visible to the eye. I elected to not draw those patterns now to avoid a Messy chart.