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Rod_85
Oct 30, 2020 3:25 PM

Vol so high, day trading plausible 

Direxion Daily Semiconductor Bull 3x SharesArca

Description

SOXL for a day trade

Comment

It worked well yesterday, as it came back to fill the liquidity gap.
New gap formed between 257 and 261

Comment

Bullish divergence showing on this time frame

Comment

Trade is working. Adding to winners

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perhaps we'll see some oscillation between 242 and 250 before, heading upto 257-261

Comment

Although it dipped below the stop loss level, if you were using a option, the trade would have held and this trade would be working for you. Bullish divergence is now clear. Thins week, I feel like this entire tech market and markets in general will go up. I believe the liquidity gap between 257.55 and 361.4 will get filled today. After which we might see a entrancement of the first wave (first wave of a larger (degree of first waves), which typically retrace to the 61.8%... Keep the extended markets view switched on.
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