SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It is based in San Francisco, CA, comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.
As mentioned in the last article, SOFI confirmed bullish sequence as it broke above July-2023 high. Currently, it favors upside in (3) of ((1)) & expect rally to finish sequence from August-2024 low between $13.51 – $18.13 area. Later, it should pullback in ((2)) in 3, 7 or 11 swings, which provide buying opportunity.
SOFI – Elliott Wave latest daily view
It made all time low at $4.24 in December-2022 & then resume higher. It is showing higher high sequence since December-2022 low in daily. It placed I as impulse sequence at $11.70 high & favoring upside in ((1)) of III from August-2024 low. Within I, it placed ((1)) at $8.24 high, ((2)) at 4.45 low, ((3)) at $10.23 high, ((4)) at $7.71 low & ((5)) as I at $11.70 high. Below there, it ended II as zigzag correction at $6.01 low. In II, it placed ((A)) at $6.41 low, ((B)) at $10.49 high, ((C)) at $6.01 low in August-2024 low as II.
SOFI – Elliott Wave view from 10.21.2024
Above II low, it favors upside in (3) of ((1)) & expect small upside before it should pullback in (4). It placed (1) at $8.30 high & (2) at $6.75 low. Within (3), it placed 1 at $8.53 high, 2 at $7.57 low, 3 at $11.34 high & 4 at $9.77 low. Currently, it favors upside in 5 towards $14.79 – $15.34 area, while dips remain above $13.01 to finish (3) of ((1)) before correcting in (4). Later, it expects another push higher in (5) to finish ((1)) as 9 swings sequence from August-2024 low. The current scenario is less bullish. If it extends higher & erase momentum divergence, then it can be nest in (3), which can extend further. So, we like to buy the next pullback in 3, 7 or 11 swings at extreme areas & avoid selling it.
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Recommended content
Editors’ Picks

Gold: Trade war fears lift Gold to new record high
Gold shined as the go-to safe-haven asset amid growing fears over a deepening global trade war. US tariff announcements and key employment data could lift XAU/USD’s volatility. The technical outlook points to overbought conditions in the near term.

EUR/USD: US Dollar to fall further despite ruling uncertainty
The EUR/USD pair remained under selling pressure for a second consecutive week but ended it little changed at around 1.0820. The US Dollar remained trapped between tariff-related concerns and tepid US data, limiting its safe-haven condition.

GBP/USD picks up pace and retests 1.2960
GBP/USD now capitalises on the Greenback's knee-jerk and advances to the area of daily peaks in the 1.2960-1.2970 band, helped at the same time by auspicious results from UK Retail Sales.

Week ahead: US NFP and Eurozone CPI awaited as tariff war heats up, RBA meets
Trump’s reciprocal tariffs could spur more chaos. US jobs report might show DOGE impact on labour market. Eurozone inflation will be vital for ECB bets as April cut uncertain. RBA to likely hold rates; Canadian jobs, BoJ Tankan survey also on tap.

US: Trump's 'Liberation day' – What to expect?
Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.