From this Morning's Update..." I realize in a wave 4 price can do unpredictable things. I've written about how many times a practitioner of Elliot Wave Theory cannot see the pattern until is it's nearly complete. "
Today my DM's were mainly about how Solana is doing the exact opposite of what I posted this morning.
Yes, it did.
I stated this would be the ideal pathway for price to take. If you're going to follow my posts, know 2 things about my analysis.
1. I've been doing this for a long time. That experience doesn't shield me from being wrong. But I'm probably right 75% of the time. Usually when I'm wrong is when I get so detailed. Like this morning.
2. I'm not a trader. I'm not a scalper. I could care less about 5 points up or down. Eventually those guys get caught between a rock and hard place. I invest in trends.
Here's my overall viewpoint on Solana. Can price go up? Yes. But for this to remain an impulsive wave 4 of C it can not go higher than $81. That's where wave 4 will overlap with wave 1. Then it becomes an ending diagonal at best. So if someone wants to trade this on the off chance price rises to 81...Go for it. The $35.30 bottom is a wave 3 bottom and Solana is going to trade below that price. I'm sorry I can not tell you the exact date and time. Since I am not a trader, I hunt for clues because I'm waiting on a wave 5 of which I plan to buy...and NOT UNTIL THEN.
PS: TO MY FOLLOWERS I'LL BE OUT OF TOWN TILL TUESDAY....SO I WILL RESUME MY DAILY UPDATES THEN.