$AFRM is similar to $SOFI, I believe it will hit our Wave 5 target over the next month or so at $56 and will then need a pull back to the amber Fib levels as shown which I have provisionally added as a guideline.
I expect the 200 Day MA to drift to the 0.5 Fib at $39 during this time.
$AFRM, $SOFI and $PYPL have not followed the market higher to ATH's, therefore they are not in the same cycle.
Marcus M
2024-11-07 00:21:13 +0000 UTC