SOFI has finally reached it's resistance level around 23.84. Last week candle was a High Wave Candle. If we get a strong close above 23.84 that probably means the bulls are marching on, if we get a bearish close below 19.55 that may mean the bears have stepped in and are looking to pull prices down to the golden zone of the Fib Level. Observe the bearish divergence with the RSI and price, also observe how Stochastic RSI and RSI are in overbought territory.
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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.