📉 SoundHound AI, Inc. (SOUN) – 1H Chart NASDAQ
Here's a short trade setup I’m watching:
Entry Zone: $17.64 - $18.41 (Fibonacci Resistance Zone)
Stop-Loss: $19.14
Targets:
- Target 1: $15.50
- Target 2: $13.60
Trade Rationale:
- Potential wave (5) completion based on Elliott Wave structure.
- Key Fibonacci levels (1.236 to 1.618) acting as resistance.
- Risk-to-Reward Ratio aligns with technical targets.
Here's a short trade setup I’m watching:
Entry Zone: $17.64 - $18.41 (Fibonacci Resistance Zone)
Stop-Loss: $19.14
Targets:
- Target 1: $15.50
- Target 2: $13.60
Trade Rationale:
- Potential wave (5) completion based on Elliott Wave structure.
- Key Fibonacci levels (1.236 to 1.618) acting as resistance.
- Risk-to-Reward Ratio aligns with technical targets.
@ TheStockWhale on Twitter / X
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.
@ TheStockWhale on Twitter / X
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.