Trend lines are a timeless tool to use to get a clear picture of what has happened and what may be to come. These trend lines are situated to the close of the bars, not the highs. We have 13 touches on the bottom trend line and 9 at the top. The specific number does not matter, but it's definitely more than 2 or 3, so these areas are extremely important. We are near the apex of this move with $SOFI. I expect a large move one way or the other. However, I am betting long.
I also see this as a cup with handle that has formed after a major breakout. I could be very wrong. We had the news on Friday with the SCOTUS decision on student loans (disclosure: I am a lawyer with student loans), that shook out many, but had a nice Monday with the short trading day. These cup with handles that form in bull markets after a major move are opportunities to participate in the next move, whether it be up or down. Always have that mindset that stock can move either way, just make sure to be on the side that is making you money.
Peace.
I also see this as a cup with handle that has formed after a major breakout. I could be very wrong. We had the news on Friday with the SCOTUS decision on student loans (disclosure: I am a lawyer with student loans), that shook out many, but had a nice Monday with the short trading day. These cup with handles that form in bull markets after a major move are opportunities to participate in the next move, whether it be up or down. Always have that mindset that stock can move either way, just make sure to be on the side that is making you money.
Peace.