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SOXL: Logscale Bearish Gartley at Trendline Resistance

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Direxion Daily Semiconductor Bull 3x Shares (BATS:SOXL)  
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BATS:SOXL   Direxion Daily Semiconductor Bull 3x Shares
Harmonic Patterns Technical Indicators Trend Analysis Bearish Gartley Parallel Channel semiconductors NVDA AVGO
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harmonicpatterns indicator trendanalysis bearishgartley parallelchannel semiconductors nvda avgo
SOXL 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.

Idee correlate

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AVGO: Pre-Earnings Bearish Gartley at Resistance
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NVDA: Pre-Earnings Bullish Gartley at Support
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