Expanding Diagonal completed in SOLANA
Well, interestingly today I was trying (hard) to follow SOLANA on what I thought the completion of yesterday´s ABC correction.
To thebes of my knowledge, we were in Wave C, of a subwave 4 still pushing downwards.
But, then it begun to turn bullish and more bullish, then it was obvious that the ABC had finished and we were now in some sort of impulse wave.
But which?
None fitted! At last I realized this could be one of the variations of the so called ending and leading diagonals.
And it was!
The proper name is expanding diagonal, you can read all over the internet about it, and also here: elliottwavemonitor.com/leading-and-ending-diagonal/
Hope you enjoy.
It seems to be a very rare pattern which some have even said it is "non existent".
To make a long story short: Solana would be then in finished sub Wave 1 of 5 in its Wave 5 pattern. Will it end soon? Who knows. Crazy market.
PS( Look how accurately Fib 0.786% level has acted as ceiling for this expanding diagonal...)
To thebes of my knowledge, we were in Wave C, of a subwave 4 still pushing downwards.
But, then it begun to turn bullish and more bullish, then it was obvious that the ABC had finished and we were now in some sort of impulse wave.
But which?
None fitted! At last I realized this could be one of the variations of the so called ending and leading diagonals.
And it was!
The proper name is expanding diagonal, you can read all over the internet about it, and also here: elliottwavemonitor.com/leading-and-ending-diagonal/
Hope you enjoy.
It seems to be a very rare pattern which some have even said it is "non existent".
To make a long story short: Solana would be then in finished sub Wave 1 of 5 in its Wave 5 pattern. Will it end soon? Who knows. Crazy market.
PS( Look how accurately Fib 0.786% level has acted as ceiling for this expanding diagonal...)
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.