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$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$
I reanalyzed it.
If it falls below 102.39, it will be 101.57/100.32, and if it rises, it will be 105.40/107.37.
Currently, has the decline ended?Or will it fall to 99 before bouncing back up? I was observing that, but in order to invalidate the downward pressure, it needs to break through 103.15 at the micro level and surpass 107.17.
Even if it falls below 100, the extension target of 1.1 matches perfectly with the 78.6% micro resistance target of 99.38, so I expect it to bounce back upwards from that level.
I reanalyzed it.
If it falls below 102.39, it will be 101.57/100.32, and if it rises, it will be 105.40/107.37.
Currently, has the decline ended?Or will it fall to 99 before bouncing back up? I was observing that, but in order to invalidate the downward pressure, it needs to break through 103.15 at the micro level and surpass 107.17.
Even if it falls below 100, the extension target of 1.1 matches perfectly with the 78.6% micro resistance target of 99.38, so I expect it to bounce back upwards from that level.
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