SOXL is sitting in the middle of some major trend lines. Last week we finally first tested the Daily break level. Which gives me hope that we will see a little october relief rally ebefore dumping further. We have had some pull back. I expect price to go up to the weekly hold level, but if it goes up and over that hold level I expect price to goto the second hold level at 20.76. If it gets rejected at 19.40, I expect a dump down to the trend that has been holding this structure up since January of 2023.
It looks like this was just ana ABC correction when I zoom out on the weekly.