The Loss of Impulsivity and What that Means Moving Forward
As forecasted, I got the OML I mentioned in my last several posts. This decline appears to show clear signs it's concluding....or at least has run it's short term course.
Last week I posted an article entitled " Solana, why can't you just cooperate and play nice? that stated...
[b]" That would mean our retrace from the $259.995 high on November 6, 2021 is far from over. This recent rally off the February 24th bottom an "A" wave of a larger B that will eventually reconcile itself in the area of $200, only to come down into the $50-$60 range later this year. It may take on a more complex structure and keep us on our toes...but we will have many clues along the way that will provide us confidence as to where we are within the larger EWT Count. So if you feel like you missed out "Not Selling at $143 last week"....you won't be left holding bag. As with all markets, patience is what is always required."
Solana is bottoming now at the 2.0 extension posted earlier today in the post " We need another 4 and 5 down to complete this selloff"
I will update on clear targets once we have a 1-2, i-ii in place. Nonetheless, I believe we're now headed to the area of the purple box on the attached chart entitled TARGET ZONE.
Since today we lost the impulsive wave structure we had since February 24th...How we get to the target area will determine if Solana makes new lows afterwards, or continues higher.
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If you find my Solana analysis helpful please follow me. Also feel free to leave comments below and let's continue the Solana discussion. I'll answer all of them.
Best to all.
Chris
Last week I posted an article entitled " Solana, why can't you just cooperate and play nice? that stated...
[b]" That would mean our retrace from the $259.995 high on November 6, 2021 is far from over. This recent rally off the February 24th bottom an "A" wave of a larger B that will eventually reconcile itself in the area of $200, only to come down into the $50-$60 range later this year. It may take on a more complex structure and keep us on our toes...but we will have many clues along the way that will provide us confidence as to where we are within the larger EWT Count. So if you feel like you missed out "Not Selling at $143 last week"....you won't be left holding bag. As with all markets, patience is what is always required."
Solana is bottoming now at the 2.0 extension posted earlier today in the post " We need another 4 and 5 down to complete this selloff"
I will update on clear targets once we have a 1-2, i-ii in place. Nonetheless, I believe we're now headed to the area of the purple box on the attached chart entitled TARGET ZONE.
Since today we lost the impulsive wave structure we had since February 24th...How we get to the target area will determine if Solana makes new lows afterwards, or continues higher.
--------------------------------------------------------------------------------------------------------
If you find my Solana analysis helpful please follow me. Also feel free to leave comments below and let's continue the Solana discussion. I'll answer all of them.
Best to all.
Chris
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