Lots of requests for SOXL/SOXS.
Finally did some math levels for it. No probability, but just looking at the chart setup here and overlaying the math monthly levels this is what it looks like to me.
Looks like a bearish bird that is flagging. I would be looking for this to break the current flag structure down to the red box (target area).
We also completely bypassed the monthly high levels. Hoping to see this continue to reject upside tomorrow and confirm a break of the flag structure down to the math low range on the month.
Just my quick thoughts, not advice.
Safe trades everyone!
Finally did some math levels for it. No probability, but just looking at the chart setup here and overlaying the math monthly levels this is what it looks like to me.
Looks like a bearish bird that is flagging. I would be looking for this to break the current flag structure down to the red box (target area).
We also completely bypassed the monthly high levels. Hoping to see this continue to reject upside tomorrow and confirm a break of the flag structure down to the math low range on the month.
Just my quick thoughts, not advice.
Safe trades everyone!
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