SOLUSDT We are currently tracking a developing (B) wave as part of a larger corrective structure.
The move up from the local low unfolds as a classic 5-wave impulse (yellow), where wave 3 is completed, wave 4 is forming as an A-B-C flat correction, and wave 5 is still expected to follow, completing wave (C) of (A).
After that, we anticipate a drop into wave (B) of the corrective sequence before a potential final push into the green target zone to complete wave (C) of (B).
Once this entire correction is done, the expectation remains for a larger 5-wave decline to complete the macro structure.
Wave count stays valid as long as internal rules of Elliott Wave Theory are respected.
Order cancelled
Way to much bearish momentum I think we have seen or wave (c) already and buidl a new abc struktur to the upsideNote
Update!!!
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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.