Chart Pattern Analysis Of SOXLDirexion Daily Semiconductor Bull 3X ETFBATS:SOXLnothingchangehereFrom K4 to K6, It is a bullish three soldiers stalled pattern. It verified a fact that the resistance becomes stronger here. At this case, The risk increased. A larger scale consolidation or a bear trend is on the way. If the following candles failed to close upon the resistance, It will be a good place to decrease the long-term positions at 0.5-0.618fib area. The following candles will test or break down the support. The following candles shouldn’t close below the support, If K7 close below it. It is likely that a bear run will start here to test 88USD area.