$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$
I reanalyzed it.
If it falls below 102.39, it will be 101.57/100.32; if it rises, it will be 105.40/107.37, but...
Currently, has the decline ended?Or is it observing whether it will fall to 99 before bouncing back upwards? Breaking the microlayer at 103.15, and needing to surpass 107.17 to invalidate the downward pressure and exceed that.
Even if it falls below 100, the 1.1 extension target perfectly matches the 78.6% micro resistance target of 99.38, so we expect a high possibility of rebounding from that level.