SOFI Elliot Wave 3?

29 thg 1

Greetings. My idea is that after earnings we have entered Wave 3’s iii, which should be the strongest wave up. We finished wave 3’s wave ii at the 0.786 around $7.20. If all goes well I’m hoping for a target at the 1.618 which would be around $18.30. Timeframe is uncertain of course with EWT. GLTA

31 thg 1

Ghi chú

Hard to say what’s going on here, but best guess at this point is we are not in wave 3 as predicted but possibly still wave 2 specifically the C wave in a regular flat wave that could take us lower $6.35 ish? Regular flats either end at 100% or 123.6% of wave A, then to enter a wave 3.

13 thg 2

Ghi chú

So just some clarity here, with the CPI report coming out today, we are likely in a C wave currently, the end could be in the Yellow Box or it could be lower than that depending on the depth of this C wave, I still expect a giant Wave 3 after this sending us into the high teens/20s eventually but we aren't there yet

27 thg 2

Ghi chú

I'm going long, at this point, the strength on the 4H and daily MACD is good, looks like we may be in Elliot wave 3 at this point as long as the Core CPI doesn't derail things. GLTA!

1 thg 3

Ghi chú

I wasn’t too happy how weak SOFI was yesterday so I closed my calls, I’m going to wait on the sidelines, the 2H MACD looks weak but the daily is still moving up. SPY looks very weak too