SOXL - At a Buy Point?

SOXL - WEEKLY LOG Mode

I know what you're thinking....... Don't shoot me I'm just the messenger.
This chart implies the sector deserves some near term consideration..... as hard as that may seem at this point.
Buy when there's blood in the streets...

Risk is well defined here. I would use the sub .786 Fib area as a stop point... See below.

Here is the DAILY :