Thoughts
SOL was looking good in the 4 hour time frame with an obvious EWT, rules of alternation seems to be respected, EWT EXT shows 5th wave hitting .768/2.618 level to really put more confidences into this trade. From looking at the A wave it seems to be a 5 wave structure and wave B will always be a three wave motive so now im riding on the micro C in the macro B wave which we PA touching the 200 ema multiple times which to says it might break through. What I dont like is that I dont see any highlights on the RSI+, but there is a bullish divergence possibly playing out. I placed my TP at the 61% will keep an eye out on this trade if anything changes
SOL was looking good in the 4 hour time frame with an obvious EWT, rules of alternation seems to be respected, EWT EXT shows 5th wave hitting .768/2.618 level to really put more confidences into this trade. From looking at the A wave it seems to be a 5 wave structure and wave B will always be a three wave motive so now im riding on the micro C in the macro B wave which we PA touching the 200 ema multiple times which to says it might break through. What I dont like is that I dont see any highlights on the RSI+, but there is a bullish divergence possibly playing out. I placed my TP at the 61% will keep an eye out on this trade if anything changes