
$SOXL bounced hard off its washout low after AMD's earnings, and I'm leaning long — but not at this price. I want the pullback into the half-retrace zone, where four separate technical reads point to the same spot. The catch: the higher timeframes are still in a deep downtrend. Late October flushed SOXL into a capitulation low. Price swept liquidity under a double bottom, then printed a higher low and broke the last 4h swing high. Much of the jump came after hours; the regular session could give it back. What lines up: - ICT, Wyckoff, Elliott and divergence all point long, and to the same retrace zone. - That zone holds the new 4h higher low and yesterday's regular-session low. - The prior long view reached its first target without breaking the low. Divergence is the cleanest read. On the Nasdaq daily and the 12h, price made a lower low while RSI and MACD made higher lows. The 1h and 15m show the opposite, which is why I'm waiting for a dip instead of chasing. I'm wrong if price breaks below this capitulation low. Then the sweep was more downside, not a bottom. Risks: this is 3x leveraged, so decay and overnight gaps hit hard. Macro is still a headwind for chips. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.


