The indicator up top is the Williams %R and it is one of my favorite tools!
Do you see how every time we break above -20 or hit the Red barrier and reject we go all the way down to -80 or the Green Support Beam and vice versa? 👀
Yes, every single time since SOFI went public back in 2020!
If you are a probabilities person like me then you understand that we most likely will at a minimum go to -80 and would put the price under $15, thus giving an opportunity to investors and traders.
The bullish side to this is this is great consolidation before the next BIG MOVE! Which I believe when the pendulum swings in the opposite direction we could swing to ATHs before getting to the Red barrier!!
This time could be different but the probabilities say it won't be friends. Hope you enjoyed this TA! Have a great Sunday!
🖐️ High Five Trading Strategies
📦 Williams Consolidation Box Strategy
📈 Stocks, Cryptos, ETFs, Levered ETFs
📱 Find me on other Socials
🌆 High Five Trading Community 👇
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🖐️ High Five Trading Strategies
📦 Williams Consolidation Box Strategy
📈 Stocks, Cryptos, ETFs, Levered ETFs
📱 Find me on other Socials
🌆 High Five Trading Community 👇
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.