SOFI at Key WCL Support: Relief Bounce or Final Wave (C) Flush?SoFi Technologies IncBATS:SOFISmellyTazSOFI Technologies (SOFI) is trading at $16.46, sitting directly inside the daily Blue WCL support block ($13.50–$18.50). Following the completion of the macro Blue Wave (C) impulse into the $31.50–$36.50 target box, price has been in a sharp Pink ABC corrective cycle, bringing the stock to a high-confluence decision point right ahead of Q2 earnings on July 29. Scenario A (Bullish): If buyers hold this Blue WCL support block ($13.50–$18.50), price can establish a structural bottom and trigger an expansion rally back up toward the overhead Pink WCL target zone ($23.50–$26.50). Scenario B (Bearish): A decisive breach below the Blue (B) level invalidates the bullish sequence entirely, confirming a deeper Pink Wave (C) expansion down into the lower Pink ABC Target box ($12.50–$15.50). With earnings introducing high binary volatility, front-running this zone before confirmation carries heavy gap risk. The safest play is letting the post-earnings reaction clear out liquidity and taking a position on a daily close that confirms direction out of this pivot. Are you playing a bounce out of the Blue WCL or waiting for the lower Pink C target to fill? Share your thoughts below! --- **Tags:** #sofi #elliottwave #technicalanalysis #priceaction #stocks #chartanalysis #tradingstrategy #stockmarket #supportandresistance