Key spot on the board for SOFI On the Monthly

Never financial advice. Just offering perspective.

At a key spot for Sofi. In the midst of a monthly bearish imbalance, specifically a bearish fair value gap which holds more weight than a volume imbalance. We pushed off a bullish breaker which can be a solid indicator as a push up, with the the high of that green box acting as a support, followed by a strong bullish move.

16.47-17.13 is where the monthly bearish fvg begins and ends.

A monthly close(13days) above 17.13 would be encouraging for bulls, with no bearish imbalances on this higher timeframe.

If we cannot get a monthly candle close above 17.13 we can see a strong rejection, setting a new bullish range from most recent low to high, which we can then see a move back into discount.



My ideal bearish outlook: Monthly bearish imbalance reject, which is currently at 50% bearish discount, to retest bullish breaker + bullish fvg + monthly liquidity sitting at the low of previous month10.63. Targeting ----> 8.53- 10.63.

Ideal bullish outlook(continuation):
Monthly bearish imbalance mitigated here [ 16.47-17.13 ] with a monthly candle close above here. Next points of liquidity ---24.65---24.95 as targets.

Ideal bullish outlook(entry or reentry):
Entering ----> 8.53- 10.63.



Be aware that this analysis is on a higher timeframe of a Monthly perspective and may take time to develop.