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peterbhc

SOXS Descending Wedge

Long
Direxion Daily Semiconductor Bear 3x Shares (AMEX:SOXS)  
peterbhc Updated   
AMEX:SOXS   Direxion Daily Semiconductor Bear 3x Shares
Wedge
10
1
wedgepattern
Monitor for a breakout of the descending wedge. An impulse to the $33 range should follow with a bullish breakout.

(I am watching 1H MA50 also).

Good Luck
Trade active:
snapshot
Notice SOXL above at resistance. May continue to travel higher, but SOXS had dropped and wanted to take advantage of that resistance.

I added SOXS at $22.40, will add more if it drops lower.
Comment:
add some more at $22.10
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