SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America, Canada & Hong Kong. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.

SOFI is showing 5 swings higher from December-2022 low as the part of impulse sequence. It appears to be nesting from 2022 low or can be diagonal, which need more data to confirm the structure. We like to buy the correction in 3, 7 or 11 swings at extreme area  in any case.

SOFI – Elliott Wave Latest Weekly View: 

It made all time high of $28.26 in early 2021 & made low of $4.24 in December-2022. Above there, it favors rally in (1) of ((3)) of III from 4.07.2025 low. It placed I at $11.70 high in diagonal sequence in July-2023 & II as zigzag correction at $6.01 low in August-2024 as 0.764 Fibonacci retracement. Above there, it rallied higher in ((1)) of III. It ended ((1)) at $18.42 high in January-2025 & ((2)) at $8.60 low in April-2025. Within ((1)), it placed (1) at $8.30 high, (2) at $6.75 low, (3) at $17.19 high as extended wave, (4) at $13.60 low & finally (5) at $18.42 high as ((1)).

Wave ((2)) was corrected in 11 swings as triple three correction. Within ((2)), it placed (W) at $14.42 low, (X) at $17.11 high, (Y) at $10.85 low, (XX) at $13.90 high & (Z) at $8.60 low. Above ((2)) low, it already confirmed bullish view in nest which confirms when erase the momentum divergence. It favors rally in (1) of ((3)) & expect continuation against 5.21.2025 low. Within (1), it placed 1 at $14.78 high, 2 at $12.74 low as shallow pullback & favor upside in 3. Within 1, it ended ((i)) at $11.65 high, ((ii)) at $10.07 low, ((iii)) at $14.51 high, ((iv)) at $12.05 low & ((v)) at $14.78 high.

SOFI – Elliott Wave Latest Daily View:  

It proposed ended ((iii)) of 3 at $22.74 high & correcting in ((iv)) in 3 or 7 swings against 6.13.2025 low before resume higher in to finish 3. Wave ((iv)) may pullback in to $20.68 – $19.39 area before it should extend higher in ((v)) of 3. It expects two more highs to finish the (1) sequence from April-2025 low. Alternatively, it may end 3 at last peak & could pullback in 4 in to $20.41 – $18.95 area before final push higher to finish (1). So, it expects at least one or two more highs to end cycle from April-2025 low. We like to buy the pullback in 3, 7 or 11 swings in 4 & later in (2) against April-2025 low for next leg higher.

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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). Generally, (4) should pullback between 0.236 – 0.382 Fibonacci retracement of (3) sequence before final push higher. So, extreme areas in 3, 7 or 11 swings in that zone will end (4) before resume rally 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.

Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.