Sound Hound AI now Exceeding all standard Fibonacci ExtensionsWhereas, I can account for an extended wave 3 hitting the 200.0% fib extension, I have no standard pathways for wave 3 extending past that fib target. Granted that is not to say that sort of price action is impossible...but this is rare.
SOUN is in no man's land...so we continue to look to the next fib area, and so on.
Best to all,
Chris
Soundhoundai
SoundHound AI Filling in the ideal subdivisions do farMuch has been made about the recent parabolic price action of SOUN. The news is confused if the stock price will collapse or if whales are involved and take this much much higher.
I, on the other hand, have a more calm view, as the price action has been fairly predictable in terms of hitting standard Elliott Wave Fibonacci extensions. My perspective is as per the below chart.
Best to all,
Chris