Elliott Wave Update – Structure OverviewBINANCE:SOLUSDT
We may have found a potential local bottom at yellow Wave A, and are now tracking a move towards yellow Wave B.
This yellow Wave B appears to be unfolding as a 1-2-3-4-5 structure:
Waves 1-2-3 are likely completed.
Waves 4 and 5 could still be ahead.
This full impulse may form part of a larger A-B-C correction, completing the final yellow Wave B.
In the black wave count, the 1-2-3 move is finished.
Within Wave 3, we saw a clean internal 1-2-3-4-5, confirming the completion of that wave.
Currently, I’m tracking the move from black Wave 3 to black Wave 4 as a developing A-B-C correction:
Wave A is potentially in.
We are now in the resistance zone of Wave B, which could lead to the final drop into Wave C.
After completing Wave 4, I expect an upward move into black Wave 5, starting with an initial A-wave.
This should then form another A-B-C structure, leading to the completion of the final yellow Wave B.
