SanDisk ($SNDK) is approaching an important decision point. The current chart structure presents arguments for both the bulls and the bears, making this a high-interest setup for traders.
In this video, I walk through the chart from a price action perspective and explain the probabilities behind the two most likely scenarios.
Topics covered include:
- The current chart structure.
- Key support and resistance levels.
- The bullish and bearish cases.
- What would confirm a breakout or a breakdown.
- How I approach the setup using probability-based trading rather than predictions.
My goal isn’t to forecast the future with certainty. Instead, I focus on identifying the scenarios with the highest probabilities and adjusting as new price action develops.
If you’re trading SanDisk ($SNDK), Micron ($MU), or the broader semiconductor sector through $SOXX, this analysis provides a framework for thinking about the current setup.
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