Semiconductors To Cool Off...I am out of this ETF and we have a shooting star pattern worth your consideration. Not financial advice, DYOR. Shortby ChartProphet111
SOXL Stock Chart Fibonacci Analysis 030924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 423.60% level 3) Hit the top = 57/423.60% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : D A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. by fibonacci61802
SOXL: Logscale Bearish Gartley at Trendline ResistanceSOXL has reached the Logscale 0.886 of this potential Logscale Bearish Deep Gartley which aligns with the upper trendline of the channel it has been trading within. If it plays out, I think we could see SOXL come down to the lower trendline and perhaps even lower. This May be sparked by a selloff in NVDA and AVGO.Shortby RizeSenpai227
SOXLLots of room to run from its clean break through mid of the whole move up to all time highs. I suspect it can get to 70s by end of April. Longby jhonnybrah0
SOXL21.2.24 - I would wait for <28, golden zone or MOAT breakthrough and on rebound. - will see if long options will be bought 🤓 - currently UP there is a big resistance in the form of the upper blue channelby michalskoda221
SOXL Put credit spread exp Feb 16, 2024Since the New Year started SOXL has declined hard Straight into a -1 sig anticipated support around 25. Which is also a weekly level from 7/14/2023 There seems to be a jump over at VWAP around 28 which is also the daily close from 12/20/2023. The bet here is that it stays in the 22-31 range and the fresh Weekly supports at the red lines hold. It could keep pushing down but that would be a bigger timeframe decline and price has already held VWAP from the Nov 2023 anchor. I anticipate that if the big trolling orders are down at 21, then it could attract price down there. But that's why I'm at 22, so I can roll out if that happens, probably not down if it inverts. But if it ranges around 21, then maybe I roll it out and down to 20 or 19. Symbol SOXL Open Date 1/5/2024 Put or Call Put Expiry Date 2/16/2024 Short Strike 21 Long Strike 19 Price to Open 0.55 Min Width Multiple 4 Risk Ratio 2.64 Return on Risk 37.9% Opening DTE 42 1 Day ROI% 0.90% Max Annual ROI % 329.6% Buyback to Close Open to Roll Closing % Cost on Opening Credit Net Roll % on Opening Credit Closing Date Closing Price Closed Margin ROI % Closed Annual ROI % Longby claypuzzleUpdated 1
SOXL / SOXS , this ratio analysis shows when to trade eachSOXL is the triple leveraged semi-conductor ETF while SOXS is its inverse. While SOXL is primarily up trending in its intermediate and full-time history, it does from time to time have a correction mainly when the technology sector gets challenged. I have found that plotting the ratio of the share values is a very accurate way of pinpointing those corrections and temporarily buy some SOXS to offset the downward price action and nullifying any loss. This is more or less insurance in case the overall position must be closed for one reason or another or transient hedging. As can be seen, these corrections last 1-5 days . This strategy is effective risk management as during the correction the SOXS gains some of what SOXL loses especially if the share dollars are equally balanced. Ever better is the same thing on a 2-3 hour time frame albeit it with more hedging trades. I have found that this strategy works on a variety of inverse ETF pairs. Most of them however do not have one side going up more or less continuously and instead oscillate rather than simple and shallow corrections like this pair. Please give a like if you this this could be helpful to your trading.Longby AwesomeAvani6
SOXL Wedge Tightening Looking for a BreakoutTaking a stab at SOXL for a reversal here. Tightening down in a wedge for the last week. After semis had been making new highs. Relatively oversold RSI on the 65min and MACD about to flip bullish on the same timeframe. Active trade. In @ $31.99, target $36Longby SWRLS2
SOXL reaching for 45I'm already short SOXL puts down at 22 set to expire, and was looking to get on a full condor. The resistance side has a bunch of spikes from early 2022 on the weekly that are all tested levels. Inside the last spike is a Daily level 45.58 that is likely where the rally is headed to find liquidity. When it tests there, I will look to sell calls at or above 57.50 or 58.by claypuzzle2
SOXL Stock Chart Fibonacci Analysis 012424Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 423.60% level 3) Hit the ceiling = 38.8/423.60% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : D A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61800
Porabulas, Hyperbole and Cup and HandleThis pattern looks like a good cup handle set up. Also, risk aversion, overblown rate cut bets retracement, Yen BOJ holds rates but likely not hike in spite of inflation out of fear of disrupting the markets after so long without actual non-monetary engineered inflation from actual productivity after nearly 30 years after exploding countries debt in the 90s where the Nikkei lost 75% of its value AKA "the lost decade" more like lost decades finally coming full circle but not complete as with the retirement of BOJ Governor Kokoda Kato windowmaker monetary policy announcements and his legacy of "Yield Curve Control" "YTC" should end that last country with , still, negative yields, but wont do so until geopolitical risks subside out of fear affecting the us treasury markets causing correspond 10 year treasury yields, to in turn, put up rates at a time when 60% of the US treasury debt roll-over locking in higher interest rates at a time when US debt is at a critical unsustainable projecting and with the Democrats pulling all stops to try and keep trump including but not limited using a congress and administrative majority (won on questionable term without a proper investigation in spite of concrete evidence. And, with a Democrat controlled congress killing the China deal, canceling two biggest oil pipelines that would have allowed China to substitute oil for coal reducing global carbon emit by 30% reportedly (Bloomberg), with the market already pricing in 6 rate cuts 2024 is overbought and is especially vulnerable so they may hold rates for a while, thus yen weakness and dollar strength make YEN doubly LONG but reaching range limits ("ATR") based on BOJ but also technical indicator "Average true Range" or ATR chart technical signal indicator. Note : Since we don't drive a car by looking in the rear view mirror, past performance does not guarantee future results. Educational and Informative is the post's objective (Not "Advice"). For "advice" consult an Advisor of an Adviser or someone qualified. Longby CurrencyCapital0
SOXL/SOXS Week of Jan 8This has been my go to for day trades. Sharing the levels for next week. Safe trades! by Steversteves121218
$SOXLLooks to be setting up for a monster move on the weekly. Holds all top Semi conductors such as AMD and NVDIA! 3X LEVERED BULLLongby tlindsayy20115
SOXL - Semi leveraged ETF setting up A lot of big semi names have reported great earnings and have had positive reactions. Took out VMA and 200 EMEA yesterday on a good volume. Follow through to 22 is likely. I would look consolidation below for new pivot. PA favors EOD run up to 28 and new weekly zone for next ER. No position yet, but keeping close eye for entry. Longby CheelooTraderUpdated 114
SOXL - Falling Trend Channel [MID-TERM]💡 Pattern: Falling Wedge 💡 RSI: 57 Neutral 💡 Risk: Extreme ✅ Resistance: 28.4 ✅ Support: 22 PERFORMANCE 🔴 ST: NEGATIVE 🟢 MT: POSITIVE 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️Longby wavepoint99113
SOXL Bear call at 27 strikeSymbol SOXL Open Date 11/14/2023 Put or Call Call Expiry Date 12/29/2023 Short Strike 27 Long Strike 29 Price to Open 0.25 Min Width Multiple 3 Risk Ratio 7.00 Return on Risk 14.3% Opening DTE 45 1 Day ROI% 0.32% Max Annual ROI % 115.9% SOXL hitting +1 sig on the declining model. The thought is that the previous seller at +1 sig returns with some capital and stalls enough time. The +2 sig is up in front of 25, so I'm back at 27 on the short strike Yellow box. Went a little wider on this one so there's more dance floor to move around if things go offsides. The QQQ and SPY are big gap up today and screaming higher toward my Bear Calls. Nothing says rally like the promise of massive money printing. As soon as I sold 0.25 on limit after having 0.26 for 15 mins unfilled, the very next trade was .27. Yay!! for Shit fills.by claypuzzle1
SOXL- A good buy entryI see a chance to buy the dip at SOXL with many supports: - Key level. - Demand Zone. - Fibo at golden zone 0.618. - Candles support.Longby phanvinhhai4
SOXL ready to runLooks like SOXL is ready to run. Notice the previous highs are now support. SOXL made a turn higher at that horizontal line. Also have a MA cross over. Longby bhoweUpdated 223
SOXL Stock Chart Fibonacci Analysis 092523 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 17.4/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : c A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61803
SOXL Long Week of 9/11/23SOXL rejected off the strong purple dashed weekly hold level last week. That has opened up 3 good target's for trades this week.Longby Jodai4200
Week of 9/10/23 - SOXL LongSOXL is set up for an easy 7% gain. If price is not rejected at the 4hr hold level then i could see price going up and retesting the daily break level a solid red line where the 14% marker ends.Longby Jodai4200
SOXL LongSOXL has formed a double bottom and these are the two targets for a breakout of this trading range.Longby Jodai4203