EuroMotif

SOL target $282.86 per perfect Golden Growth: wave 5 end point?

EuroMotif Mod 已更新   
BINANCE:SOLUSDT   SOL / TetherUS
This Chart is a an example of a "Golden" Fib series.
This Concept is from "Chapter 5" of my going "book".
This Religion is of the universality of the "Golden Ratio".

Solana has been an explosive asset as you know.
It has grown in clear unison with the Golden Ratio.
$242.86 is the 3rd Golden Iteration, likely end point.

EW-wise it looks to be in a final leg of "wave 5".
Explosive leg from $23 to $210 a typical "wave 3".
Per Elliott wave theory, w2 was slow so w4 was quick.

All in all the 282 target seems a perfect confluence.

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

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評論:
OOPS, typo in title!

It should read: SOL target $242.86, not 282..

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評論:
Target HIT

Perfect tap of the target fib, even on TIME :)
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Zoom IN (15 min) and we see the launch point of last leg a Ping on the fib at 221.05 gave the spring action.

Is that it? One never knows,
but IF there is a top anywhere around here,
THEN this would be a perfectly good spot.

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評論:
Topped now?

We went a little higher than the major fib, because the local wave was not quite done yet but it may be now 4.236 is the most common endpoint of a simple wave.

It may well keep going up from here.
But IF there is to be a top anywhere near here,
then THIS is the perfect place to have topped.

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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
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