SOFI
: In my previous post, I mentioned that #Sofi could bounce from the trendline. Well, it did bounce from that trendline. 😉
It presently finds itself at a pivotal resistance zone, formed by the convergence of three significant elements:
1. The upper trendline of the descending wedge
2. A 50% Fibonacci retracement level
3. The neckline resistance stemming from a head and shoulder pattern.
If it can surpass $8.20, there's potential for further upward movement.
Upside targets:
$9
$9.50
$10
$12
Downside risk:
$7
If you like this post don't forget to like and follow. 🙏
