$SOXLB 24-hour low (it has rebounded above the previous low), current price 92.99, previous low 92.64.
Three common moves after a new low:
① Rebound to the previous low, then fall again: weakness continues
② Churn around the previous low: consolidation, with direction still unclear
③ Quickly reclaim the previous low and hold above it: a bear trap
There are signs of ③ now; the key is whether it can hold.
#SOXLB
Three common moves after a new low:
① Rebound to the previous low, then fall again: weakness continues
② Churn around the previous low: consolidation, with direction still unclear
③ Quickly reclaim the previous low and hold above it: a bear trap
There are signs of ③ now; the key is whether it can hold.
#SOXLB