SOLUSDT The current setup shows a completed green (A) wave, followed by a corrective (B) wave unfolding as an A-B-C structure.
Within wave (C) of (B), we can clearly identify a 5-wave impulse:
Wave 1 is complete
Wave 2 formed as a correction
Wave 3 extended strongly
Wave 4 is currently developing
Wave 5 is expected to complete wave (C) of (B)
Once this move finalizes, a larger downward (C) wave is anticipated to complete the overall corrective pattern.
This setup remains valid as long as the internal structure respects the rules of Elliott Wave Theory.
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Not relevant. MISSINTERPRETATION
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.