If $SOXLB at 41.87 slips through 41.32 support, then the IF_THEN_FORK view favors a high-confidence short: ATR-based targets sit at 37.027 / 31.647 / 26.266 while EMA20/50 hover as overhead resistance on the 1h chart.
If volume confirms the break (volRatio 1.2+), follow the short ladder; if price reclaims the stop at 47.789 the scenario invalidates.
Do you require a volume surge above volRatio 1.2 to validate a decisive break under 41.32 before using entry 42.408?
📉 SHORT idea (Bearish, High conviction)
Entry: 42.408
Targets: 37.027 → 31.647 → 26.266
Stop-loss: 47.789
Not financial advice.
#SOXLBPlan #ReadTheChart #RejectionZones
If volume confirms the break (volRatio 1.2+), follow the short ladder; if price reclaims the stop at 47.789 the scenario invalidates.
Do you require a volume surge above volRatio 1.2 to validate a decisive break under 41.32 before using entry 42.408?
📉 SHORT idea (Bearish, High conviction)
Entry: 42.408
Targets: 37.027 → 31.647 → 26.266
Stop-loss: 47.789
Not financial advice.
#SOXLBPlan #ReadTheChart #RejectionZones
