In The channel
The segment of price action at left, shows the SOXX maintaining a downward trading channel (not advice, not a recommendation).
Channels can remain active for longer than expected.
One recent example is Applovin (APP).
It just broke out of a down-channel that was in-effect for five months.
Stay Tuned
Charts by StockCharts, TC2000
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point®, trade mark: No. 6,505,279
