Bearish penant formed on the 1HR for AMEX:SOXL . Looks like a break out after hours and should confirm when Open.
RSI divergence is also present in recent hours.
Measured flag pole downwards tags the macro trend/flag that's formed on the daily.
If Bear flag plays out, price target at about $6.50. Lack of historical support from original rally. RSI may head back down to over sold before any probability of recovering up.
