@ICMakesTrades
YouTube
Avg. Quality
74
Success Rate
44.30
Analysis
79
Correct
35
Fail
34
Pending
6
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
SPY
Long Entry
670.9200
2025-11-08
08:04 UTC
Target
689.7000
Fail
650.0000
Risk/Reward
1 : 1
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The analysis begins on the weekly chart for SOFI, noting investors' concerns about borrowing costs and decreased market liquidity impacting the recent market decline. A 'cup and handle' pattern is observed over two and a half years with a neckline breakout leading to $30. The stock is now showing selling pressure after consolidation within a pennant. Switching to the daily chart the pennant is still visible with a move to $32.57. A large bearish candle indicates selling pressure now being felt but the stock is bouncing at $26. The analyst reviews QQQ and IWM on the 1H interval for signs of support, then states while the low-cap stocks are feeling pressure the longer-term technical picture remains bullish if SOFI holds above $25. Regaining $30 support on volume would indicate a test back to the $32.57 level.