Fibonacci/Symmetry Set-Up in LULU
We had a setup in LULU that hit Monday 12/14. It was essentially a symmetry setup that overlapped a .618 Fib retracement within an uptrend. The zone was tested and held and then triggered a buy on multiple time frames.
We have not yet met the initial upside target at the $396 area just yet. We can still look at new pullbacks for buy entries since the target has not yet been met. So far we've seen a rally of $79 from the low.