$AVGO — I currently assign a ~70% probability that Broadcom tradBroadcom Inc.NASDAQ:AVGOSwing_Trader_SaanAVGO — I currently assign a ~70% probability that Broadcom trades into the 200s before making a new all-time high. Why? 👇 On the monthly timeframe, price has respected a rising channel since 2022. Late last year, the upper boundary of that channel was overshot — a classic late-trend extension. Historically, when channels are overshot on higher timeframes, price resolves toward the opposite side of the structure roughly 60–70% of the time. Since this is a monthly pattern, the move could take time to develop. Near-term bullish breakouts are likely to struggle, and failed upside attempts could trap late buyers — adding fuel to the eventual downside rotation.