Observation: SOXL playing the Wyckoff Distribution Template
Updated
Semis have been a strong group in recent days. But will they climb out of this trading range of 57$ low to 72$ high and march higher or will they fall lower?
The pattern is pretty much building up like a textbook Wyckoff Distribution Schematic.
You can see the schematic here: Link
With time we will know how this plays.
The pattern is pretty much building up like a textbook Wyckoff Distribution Schematic.
You can see the schematic here: Link
With time we will know how this plays.
Note
This looks like it is indeed playing out like Wyckoff Distribution so far. Full confirmation if 55 level breaks with volume
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