SOXL Gap Up Potential.
Updated
Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone.
SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square.
The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".
SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square.
The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".
Note
SOXL didn't Gap, but looked for support before moving Up into the consolidation zone (purple box) as anticipated.Watch price action near the $48.16 level to look for continued support to move deeper into range.
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