$SOFI has been under pressure, along with $SQ and $PYPL (they will both be uploaded in the morning)
Pull back has been working its way through the Fib lines, as it has been with $NIO.
Just approaching the 1 Fib at $8.45, this is right in the middle of two important blue lines which have been resistance levels.
If the price drops below the second blue line at $8.20, then the impulse wave is invalid.
So the price needs to find support at the 1 Fib at $8.45 or the top blue line at $8.50.
Ilia$
2023-08-11 08:05:59 +0000 UTCIlia$
2023-08-11 08:04:58 +0000 UTC