Solana Down then Up. Retest of the breakout. 200 area target
My theory is we go down first before going up. We finish this ABC correction and touch down to the 1.618 retracement lvl. I put the retracement lvl from the bottom of A to the top of the breakout to get the retracement levels.
The 1.618 lvl touches the trendline and we get a proper retest. I know we have a wick that came down and touched. But I am not entirely convinced that is enough.
Afterwards we have a trend based fib extension that I drew on the right to measure the next big macro move. targeting 700 area. ( not immediate move) but the macro.
Theories and Ta used.
Elliot wave, fib retracement , trend based fib extension
The 1.618 lvl touches the trendline and we get a proper retest. I know we have a wick that came down and touched. But I am not entirely convinced that is enough.
Afterwards we have a trend based fib extension that I drew on the right to measure the next big macro move. targeting 700 area. ( not immediate move) but the macro.
Theories and Ta used.
Elliot wave, fib retracement , trend based fib extension
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.