SOL Hit the Brakes

wczoraj

SOLUSD

After attempting to add a note to my previous Published Idea regarding SOL, it seems TV is having issues adding that note for me. So I will make a new Published Idea regarding SOL.

I have an updated chart image on for a smaller TF.

I suspect SOL to make a slightly lower low here soon, retracing into the GW. I am favoring the 2.272 as the targeted area.

Right now it looks like a Bull Trap Shakeout is printing. Interesting to see how it develops.

- Catch the dip of the dippity dip dip -

wczoraj

Uwaga

Also note that this could be a 3 wave correction before continuing down. So a slightly lower high could be in the playbook as well, which would suggest that a bear trap is currently printing. But I am favoring a 3 wave correction (currently at wave 2 of 3) here before hitting the 2.272.

wczoraj

Uwaga

This is looking more like a 3 wave correction. Either one of these retracements could be on. I do however favor the olds of a lower low sometime after the rally ends, but this is never guaranteed. Will keep updating.

wczoraj

Uwaga

Note: I did make a SHORT call originally for this post. This was before I noticed the potential of a 3 wave correction before the continuation.

15 godzin temu

Uwaga

A lot of whipsaw at the 50 EMA. This suggests that this could be 1:0.272 3 wave correction. SOL dominance is also printing a shallow ascending channel that looks a bit dangerous. This reduces the chances of a higher retracement for this correctional area. Continuation to the downside may presume from this pivot.