Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 42.80

-11.9%

Nov 4 4:00 PM EST

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To: ItstheJourney who wrote (197407)	3/8/2024 3:09:56 PM
From: #Breeze	5 Recommendations Read Replies (2) of 206734

ItJ, SOX Update. IF Wave (iii) is complete then expect a Wave (iv) pullback. Wave (iv)'s typically retrace 38.2% of Wave (iii)'s total gain. In this case the target would be 4614.58. See chart below. Once Wave (iv) is complete then I expect a Wave (v) for new highs. I modeled that price (not shown on chart). But the objective for the cup & handle formation should be achieved and then some - see chart for that formation. tradingview.com

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