SOFI correction looks to be nearing completion

19 thg 8, 2021

A brief Elliott Wave analysis of SOFI shows a 5-3-5 corrective structure that appears to be complete or almost complete. With market weakness in the overall indicies, it's possible this sees a little more downside, perhaps in an ending diagonal structure (falling wedge), that would ultimately resolve to the upside. Alternatively, the 13.50 print from 8/17 was the low, and we should see higher prices from here.