The stock so far, are you watching so far? Are you swing trading so far, you're day trading so far? I guess it really doesn't matter, because this video can totally help you yeah it's ready. So this is what sofi looks on the long term. Obviously, it's been beaten down, so the way it really kind of sits is down bounce down bounce down. This thing has yet to create any high or low, so theoretically hasn't even started up trending, but people are buying into the dip already so we'll just basically talk about what's going on.

So what we're gon na do is we're gon na look at a five day. One minute, no sorry we're gon na look at a 30 day, 10 minute that should do the justice okay, 30 day, 10 minute. The reason we're going to look at this 30 day 10 minute is it gives us enough back contacts, and it can also show you why you've been getting topped here. Okay, so if you've been treating sofi for the last three days - and you basically ended up buying this run-up and getting smoked, smoked smoked it's because you're literally buying right into a long-term weekly and the long-term nine-day moving average.

I mean there could be other reasons why, but to simply put it in my opinion, which helps me rationalize the market is, you can see clearly like this is making a flag right, clearly, there's a flag there or an attempt of a flag and clearly it keeps Falling down on the top, which makes perfect sense because it's right that the nine-day moving average and long-term statistical weekly resistance, not a big deal. All you got to do is look for some aggressive buying volume going through this level, and you probably get a breakout and remember the more time something tags, something the better chance it has of going through. So the first attempt typically fails. Second attempt typically fails.

Third attempt good chance: that's why it looked the best now we'll see if we can get through today, or maybe in the next couple days. So if you're watching sofi, this is really all you have to do very simple: okay, i'm gon na go to five day. One minute now so with sofi and there's also one other level i forgot to mention i'm going to bring it up right now. So here you are zinc.

Put that puppy through, like that we're gon na change, that to yellow, if you're new to my channel, you won't know what this is, but it doesn't really matter so you can see that we have another level before the weekly. This is what we call a four hour level: okay, it's actually a six month, four hour level, so it's a half year level, so over the course of the last half year. This is a specific level. So you'll see market breaks it.

So we break out, go to the weekly can't hold above the weekly. We pull back to the daily. We bounce, the daily back to the weekly. Try to hold above the weekly for a breakout, it fails comes back under remains below weekly goes into a short.

You will then see we break the daily bounce back to the daily broke over the daily pull back to the daily hold the daily. So right now we are slightly on the up, so unless sofi is below 14.99 today it does have a good chance of pushing back up to the weekly. And today, if you can clear the weekly and hold above the weekly, then we could see a breakout so for those of you that are following sofi and whatever swing trading so far just know you will not get a big ripper magoo until you successfully cross your Weekly and that's really all you have to look for as of right now on sofa all right guys have a good one.