$SOFI - RC -
Added 2023-06-26 16:41:11 +0000 UTCIn my last update, I said I was concerned of this very clear parabolic move but it kept moving higher, now we are seeing the real test now, I think everyone expected a pull back but the key now is to see where it can find support, my blue lines a vital support lines and if they are held, this can be seen as a pull back for subwave 4.....but the price is struggling so far to hold this level, but so far has dropped down but recaptured the blue line, so there is still a fight there from the Bulls.
We know that if a corrective wave ends high....especially after a parabolic move, it is met by 5 waves down, if the blue line is not held, this is likely what we will see here and the price comes down to the 50 or 200 Day MA down to between $5 - $6.50
