R3N

$LAB pulled back into the decision zone and the projection points significantly higher from here

LAB had a strong run on May 3, climbing from the $1.00 area all the way toward $2.60 before sellers stepped in and began unwinding the move. Current price at $1.838 is down 1.97% on the session and sitting in a retracement that the structure says isn't finished yet.

The grey demand zone between $1.00 and $1.50 was the launchpad for the entire May 3 rally. That zone absorbed the earlier selling, built the base, and gave price the foundation to push toward the highs. It hasn't been properly retested since the breakout and that unfinished business is exactly what the projection is mapping.

The sequence from here involves one more leg down into that $1.40 to $1.50 area before the real move develops. That dip isn't a breakdown. It's the market engineering the setup — sweeping the liquidity sitting below the recent consolidation, clearing out the weak hands who bought the initial breakout, and loading the demand zone with the fuel needed for a sustained push toward $2.60.

That target at $2.60 represents the resistance ceiling drawn at the recent high. A move from the $1.40 to $1.50 demand zone entry toward $2.60 would represent roughly a 70 to 80% expansion from the sweep level — the kind of move that only develops cleanly after the structure below has been properly respected.

Current price above $1.83 keeps the retracement path intact. The $1.40 to $1.50 zone is where the conviction entry sits. Everything between here and there is the setup loading.

Demand zone holds on tap, $2.60 stays the target

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