It looks like just a normal pullback, but the intraday details are actually quite clear—each rebound has less and less strength, and every time the price pushes up, it gets pushed back down.

My judgment isn’t based on a single candle line; instead, I look to see whether $SOXL continues to hold at key levels. This time, it started recording from around 226.10. To the current price of 163.24, the feedback the chart gives is pretty straightforward, and the characteristics of continued weakness are becoming more and more obvious.

Return of +547.5%—this one is more the result of patience. In a downtrend, the easiest thing to get disrupted by is short-term rebounds. My trading habit is to first look at structure, then at volatility.

For those who followed along, let’s record the process together. For those who didn’t, there’s no need to regret it—market conditions won’t only offer one chance. I’ll keep watching for changes in the market afterward.

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