SOLUSDT We may have found a potential local bottom at yellow Wave A, and are now tracking a move towards yellow Wave B.
This yellow Wave B appears to be unfolding as a 1-2-3-4-5 structure:
Waves 1-2-3 are likely completed.
Waves 4 and 5 could still be ahead.
This full impulse may form part of a larger A-B-C correction, completing the final yellow Wave B.
In the black wave count, the 1-2-3 move is finished.
Within Wave 3, we saw a clean internal 1-2-3-4-5, confirming the completion of that wave.
Currently, I’m tracking the move from black Wave 3 to black Wave 4 as a developing A-B-C correction:
Wave A is potentially in.
We are now in the resistance zone of Wave B, which could lead to the final drop into Wave C.
After completing Wave 4, I expect an upward move into black Wave 5, starting with an initial A-wave.
This should then form another A-B-C structure, leading to the completion of the final yellow Wave B.
Trade active
Tp 115.5 sl 135.7Trade closed: stop reached
wave 3 not finished yet looking for one more high then we can potentially see the abc structure to wave 4
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Disclaimer
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.