I'm already short SOXL puts down at 22 set to expire, and was looking to get on a full condor. The resistance side has a bunch of spikes from early 2022 on the weekly that are all tested levels. Inside the last spike is a Daily level 45.58 that is likely where the rally is headed to find liquidity. When it tests there, I will look to sell calls at or above 57.50 or 58.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 423.60% level 3) Hit the ceiling = 38.8/423.60% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : D A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from...
This pattern looks like a good cup handle set up. Also, risk aversion, overblown rate cut bets retracement, Yen BOJ holds rates but likely not hike in spite of inflation out of fear of disrupting the markets after so long without actual non-monetary engineered inflation from actual productivity after nearly 30 years after exploding countries debt in the 90s where...
This has been my go to for day trades. Sharing the levels for next week. Safe trades!
Looks to be setting up for a monster move on the weekly. Holds all top Semi conductors such as AMD and NVDIA! 3X LEVERED BULL
A lot of big semi names have reported great earnings and have had positive reactions. Took out VMA and 200 EMEA yesterday on a good volume. Follow through to 22 is likely. I would look consolidation below for new pivot. PA favors EOD run up to 28 and new weekly zone for next ER. No position yet, but keeping close eye for entry.
💡 Pattern: Falling Wedge 💡 RSI: 57 Neutral 💡 Risk: Extreme ✅ Resistance: 28.4 ✅ Support: 22 PERFORMANCE 🔴 ST: NEGATIVE 🟢 MT: POSITIVE 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
Symbol SOXL Open Date 11/14/2023 Put or Call Call Expiry Date 12/29/2023 Short Strike 27 Long Strike 29 Price to Open 0.25 Min Width Multiple 3 Risk Ratio 7.00 Return on Risk 14.3% Opening DTE 45 1 Day ROI% 0.32% Max Annual ROI % 115.9% SOXL hitting +1 sig on the declining model. The thought is that the previous seller at +1 sig returns with some capital and...
I see a chance to buy the dip at SOXL with many supports: - Key level. - Demand Zone. - Fibo at golden zone 0.618. - Candles support.
Looks like SOXL is ready to run. Notice the previous highs are now support. SOXL made a turn higher at that horizontal line. Also have a MA cross over.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 17.4/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : c A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
SOXL rejected off the strong purple dashed weekly hold level last week. That has opened up 3 good target's for trades this week.
SOXL is set up for an easy 7% gain. If price is not rejected at the 4hr hold level then i could see price going up and retesting the daily break level a solid red line where the 14% marker ends.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 25.1/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
So far soxl continues to channel trade as anticipated. Currently resistance around 28.50. Without a breakout we'll continue to channel trade.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 23.3/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....