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SOX Elliott Wave Update July 25, 2024 – Downside .382 fibonacci targets before bottom
**SOX Elliott Wave Long Term Update: July 25, 2024** The SOX index, representing the semiconductor sector, has been closely followed by market analysts and investors due to its strong performance and volatility. Using Elliott Wave theory, a popular technical analysis tool, we can observe a clear pattern emerging on the 3-year chart, offering insights into potential future movements. As of now, the SOX index appears to be in the midst of a corrective phase, known