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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 49.65+3.9%Dec 10 4:00 PM EST
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To: SGJ who wrote (196818)2/4/2024 10:30:59 PM
From: #Breeze3 Recommendations

Recommended By
DD™
SGJ
toccodolce

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SMH Wave Count overlaid on the SOXL wave count. Breeze

SMH Wave Count. Wave v of (iii) in play with a target of 208.46. I have Wave v of (iii) with a 61.8% price extension. Note Wave iv of (iii) retraced 38.2%. Wave iii of (iii) was a 1.618 multiple of Wave i of (iii)

SOXL Wave Count. From the Oct low, I mirrored the SMH wave count. Wave iv of (iii) retraced 50% and came close to overlapping Wave i of (iii). Wave v of (iii) has a target of 42.93 with a 61.8% price extension. Wave iii of (iii) was a 1.318 must of Wave i of (iii).

A word of caution Wave five can truncate.

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