$SOFI
Added 2025-03-27 10:29:26 +0000 UTCA lot of positions met resistance yesterday, typically at their 50 and 200 MA's, in $SOFI's case it found resistance at the 200 MA on the 1hr chart and has pulled back.
This could indicate that the first wave is complete since its bounce at $10.85.
So I have added in the green fib levels to show where an abc pull back can complete for a higher low next
With the target between the 0.5 Fib and 0.618 Fib range between $12.04 - $12.39
If this price can hold support here then we would expect a move higher next and subwave 2 is complete.
Comments
$12.29 is SOFI August 2024 Anchored VWAP. Looking to stay above this as well, right?
PSK
2025-03-27 18:28:57 +0000 UTC
