The Long Investor
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$SOFI
🕑 Added 2025-04-08 10:07:27 +0000 UTCSo far the pull back has been to the standard 0.618 Fib and we can see that the price is holding at this level in the PM now at $10
In terms of a pull back level, this is standard......my one concern here and it's subjective, is that the pull back since $18 has pulled back in 5 waves, arguably you could say 3 waves, which I have labeled here but someone with bearish glasses on could quite easily say that there is 5 waves pulling back and I see the count.
That being said, it changes very little, if the 5 wave pull back is complete then a new impulse wave can start again once support is held.
It means that a new impulse cycle can start, so this is what we will be looking out for.
I am in, I like my position and I will be adding again once I see the start of a new impulse wave forming
I will share my buys as soon as they happen.
Comments
AK
Do you share your buys in the posts like this one, or is the a discord for that? Cheers
Gareth Neary
Wave 2 can not have 5 waves
Yagen Saadaty
Why we can not assume that the last wave is wave 2? I mean at 11$ support was found and it looks like wave 1 after so what brings us to wave 3 next
