Solana

SOLANA - Wave 3 of 3: The Most Explosive Move is Next!

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Solana continues to develop within a larger wave 3 impulse.

The recent pullback is forming subwave (2) of wave 3, unfolding as an ABC correction. Price is currently working through this corrective phase, with a final move lower into the buy zone expected to complete subwave (2).

That area aligns with Fibonacci support and key levels, where we will be watching closely for signs of reversal.

At this stage:
- Wave 3 is in progress with subwave (2) forming a correction
- The corrective move is developing as an ABC
- Price is expected to complete one final push lower into the buy zone

Plan
- Monitor the development of the current correction
- Watch for price to reach the buy zone
- Look for reversal confirmation before positioning for subwave (3) of wave 3
- entry confirmation on trendline break once in buy zone

The completion of subwave (2) sets the stage for subwave (3) of wave 3 — typically the most impulsive and extended move within an Elliott Wave sequence.

Goodluck and as always, trade safe!

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