Gareth Soloway: Multi-factor chart setup points to potential relief rally

Gareth Soloway: Multi-factor chart setup points to potential relief rally
Chart setup implies relief rally ahead

Gareth Soloway, chief market strategist at InTheMoneyStocks, highlights a multi-factor chart setup in recent market action. He notes the market appears beaten down and suggests the possibility of a relief rally, citing a gap fill and the 88.6% Fibonacci retracement as supporting technical indicators.

Soloway has previously closed a long trade on RKLB after one day, recording an 8.07% gain for $3,953 in realized profit. He also reported closing a SOXL long position after 23 hours, securing a $10,056 profit and a 7.79% return. These trades reflect his active approach to technical setups and profit-taking.

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