A retracement down to the 200 EMA suggests this is closing in on a bottom for this wave.
Essentially this is a 1:1 Golden Window 3 wave correction inside a larger TF 1:1 GW extension.
Next wave up coming soon for SOL. 👍
- Not Financial Advice -
บันทึก
This shallow ascending channel is looking dangerous. Could be another retest of the upper trend line or perhaps a break out; but this could all be a cause building event to test the lower 1.13. Clues that the correction phase may not be over just yet.
บันทึก
Currently held up by the 1.272 Pocket. But I am starting to favor the odds that this could be a 1:1.618 retracement.