Hard rejection at the blue line has confirmed the downtrend momentum here and reinforces my belief that this will come down further and it is following the amber 5 waves down count very well here.
The 200 Day MA at $6.85 will be a very big test, this is the last support line effectively in this structure, a failure to hold here and I will be eliminating the impulse wave.
I spoke about $SQ struggling earlier and I won't be ignoring it if it touches $32, at its Covid Low level, I will assume that fans of $SOFI will be doing the same if this comes a lot lower too.
$SOFI is still a strong business and progressing well....it is the macro conditions putting this under pressure, this smells of an opportunity to me.
DV
2023-10-04 14:17:31 +0000 UTCBe Blessed Enterprise
2023-10-03 20:11:11 +0000 UTCBe Blessed Enterprise
2023-10-03 20:03:09 +0000 UTCBe Blessed Enterprise
2023-10-03 20:02:24 +0000 UTCStevieV22
2023-10-03 20:02:22 +0000 UTCRH+
2023-10-03 19:38:19 +0000 UTCGareth Neary
2023-10-03 18:10:06 +0000 UTCmakis
2023-10-03 18:08:19 +0000 UTCSteve Suric
2023-10-03 18:07:10 +0000 UTCSteve Suric
2023-10-03 18:06:31 +0000 UTCSteve Suric
2023-10-03 18:06:16 +0000 UTCG
2023-10-03 16:14:57 +0000 UTCmakis
2023-10-03 15:01:52 +0000 UTCBe Blessed Enterprise
2023-10-03 14:59:30 +0000 UTC