Hello All!
IMO, SoFi is setting up. A CHOCH pattern on the Daily has been created, and it's retracing to previous resistance around $6.80/6.75. A few other confluences I like are a double bottom on the daily, and the Daily impulse to the downside is almost all one color.
If price closed below $6.33/$6.20s, then made a Higher Low with clear continuation then, the CHOCH pattern would become invalid, and I'd think of a sell. SoFi moves very slow, so the patience is a lot.
Locked in and ready for whatever price wants to do!🔒👩🏼💻
IMO, SoFi is setting up. A CHOCH pattern on the Daily has been created, and it's retracing to previous resistance around $6.80/6.75. A few other confluences I like are a double bottom on the daily, and the Daily impulse to the downside is almost all one color.
If price closed below $6.33/$6.20s, then made a Higher Low with clear continuation then, the CHOCH pattern would become invalid, and I'd think of a sell. SoFi moves very slow, so the patience is a lot.
Locked in and ready for whatever price wants to do!🔒👩🏼💻
Note
Trade is lookin’ good!Note
Calls went to $9. If anyone was patient enough, this was a really good trade!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.