expanding range semiconductor market structure
Updated
the range has expanded wildly, and it looks like there is money to be made in a squeeze in semiconductors. ai stocks and tech stocks are high risk and prone to wild swings. i think the downswing has ended mostly considering these levels outlined in the value gap and smart money areas on the chart. im attempting to swing this long as the levels converge.
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looking at semis this week as a series of impule and corrections i think we can extend the trend retracement to upper market structure while remaining sellthis area could be an intense squeeze POC as well as a VAL short target from many levels
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im aiming for $40Note
we have hit VAL and ive drawn a pattern on how i think this oversold volume area will completetarget lowered to $39.94
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it doesnt take much to scalp this.comparing all channels the support is strong above the outlined area.
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