Solana remains within the larger wave 3 impulse. Subwave (2) continues to develop as an ABC correction, with wave (B) now complete and wave (C) pushing price lower toward the buy zone.
The buy zone sits between the 0.5 and 0.618 Fibonacci retracement. Once wave (C) completes there, subwave (3) of wave 3 begins - the most powerful move in Elliott Wave.
Plan
- Watch for wave (C) to complete in the buy zone
- Enter on trendline break for confirmation
- Stops below the subwave (2) low
Goodluck and as always, trade safe!
The buy zone sits between the 0.5 and 0.618 Fibonacci retracement. Once wave (C) completes there, subwave (3) of wave 3 begins - the most powerful move in Elliott Wave.
Plan
- Watch for wave (C) to complete in the buy zone
- Enter on trendline break for confirmation
- Stops below the subwave (2) low
Goodluck and as always, trade safe!