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.

LULU 15m
LULU 15m
Carolyn Boroden, who is renowned for her expertise in Fibonacci price and timing analysis, hosts the Fibonacci Market Analysis service at ElliottWaveTrader.