$SOXL
Added 2025-01-15 12:45:35 +0000 UTC$SOXL is a 3 X Bullish Semi ETF and it has had a difficult time since August and has not followed the market higher
That being said the consolidation sideways is still holding in this triangle, it is clear that a break down to the 0.78 Fib or even lower is a possibility, as the bottom of the triangle has been tested multiple times since November.
But the longer the price can hold in this triangle and a positive earnings season, then Wave C could be complete and a possible reversal can happen
We can see that the 200 Day MA is aligned with the top of the triangle at $40, so under this level there is still a risk....but a breakout higher and $SOXL can move up to the top blue line, $NVDA would need to play a big part in this.
