Is this a good buying opportunity for SOXL in the short term?
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ You can see the "San-Kara Tataki" in Sakata Goho.
San-Kara Tataki refers to a pattern where three consecutive windows open during a decline.It often indicates a turning point in the market.This is a pattern that is often observed in the final stages of credit stocks, and its characteristics are more prominent than physical stocks.
When a prolonged downtrend continues, the stock price gradually decreases while updating the lows, leading to increasing doubts among investors that the decline may continue, resulting in a shift from buying to selling and an increase in panic selling.
With the added selling pressure, further panic selling increases, and forced selling progresses downward, opening windows downward. Forced selling and panic selling turn around, leading to continued decline until exhaustion.
However, once the selling pressure subsides, the situation will undergo a complete change,and turn into a short-term buying opportunity,there is a possibility.
When a prolonged downtrend continues, the stock price gradually decreases while updating the lows, leading to increasing doubts among investors that the decline may continue, resulting in a shift from buying to selling and an increase in panic selling.
With the added selling pressure, further panic selling increases, and forced selling progresses downward, opening windows downward. Forced selling and panic selling turn around, leading to continued decline until exhaustion.
However, once the selling pressure subsides, the situation will undergo a complete change,and turn into a short-term buying opportunity,there is a possibility.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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米国株大好きなモクロー🦉
$tsla $nvda $vti $ddog $ko 等
5%ルールを軸に、皆が恐れるときに買う方針。
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exera : Even if you look at it again, it's a really huge drop, isn't it? When I think it's a high price update, it seems like they're riding rough waves with movements like Niagara![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
J_M_RIN : Since the reasons and basis for the decline were scarce from the beginning, I believe that this drop will create this year's ultimate bottom here, so I am most bullish.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Of course, while checking each indicator.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")