Taking a look at the chart of the Global X Social Media Index ETF (SOCL), you can see that a triangle pattern has formed on the chart near the long-term support of the 200-day moving average.

Taking a look at the chart, you can see that the price gapped higher after the earnings report and low looks like it is setting up for a move back toward the late-summer highs near $180 or higher ...

The chart also illustrates the formation of a rare cup-and-handle (CnH) pattern on the weekly chart. The pattern has taken shape over almost three years, dating back to October 2021.