The descending channel pattern is always my favorite. Mixed with RSI, channels aligning with gaps and volatility being at $20, its a good chemical mix.
SOXS to $10 can happen quickly but I think the move will be sharp and quick. Long term bearish signals forming to.
Lets see where it goes!
SOXS to $10 can happen quickly but I think the move will be sharp and quick. Long term bearish signals forming to.Lets see where it goes!
Trade active
Question for yah: Imagine you are seeing this chart for the first time with no ticker symbol information or knowing anything about it, does this look bullish or bearish to you? Why?Trade closed: target reached
Hit my pink line almost and sold off rejection. NOW... get ready for the big one!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.