$SOFI - WATCHLIST -
Added 2024-09-18 11:27:55 +0000 UTCVery very interesting set up here for $SOFI as we await the announcement by Powell today on Rate Cuts
Price has managed to bounce back to the very important blue support/resistance line
The pull back this month held at a higher low
And crucially at the 0.618 fib at $6.88
Above the 50 and 200 Day MA
And positioning itself for some upside IF the market welcomes the FEDS decision today
So it is exactly where it needs to be....it just needs a bullish wave from the market today and it can move higher
As always, when we get a higher low, we can add the 1.618 Fib extension, right now it is at $10.5
A break and hold above $8.23 and the next test is $10.5
