One of the aspects of this form of analysis that I genuinely enjoy, but which I know can be frustrating for others, is that there are moments when the pattern appears to be communicating something very clearly…yet price refuses to cooperate with that viewpoint. When that happens, my focus immediately shifts to why. What am I missing? That process doesn’t disillusion me, it fascinates me. Because sooner rather than later, the market provides the answer, and every time it does, there is something to be learned.
In the case of Solana, the pattern appears to be saying exactly what the arrows on the chart are suggesting. And yet, I currently have no price-based evidence to support that interpretation. Price has not advanced in any meaningful way, has not challenged important resistance areas, and has not begun to break apart the broader downside structure. There’s a disconnect that cannot be ignored.
A misinterpretation of the pattern in my analysis?
A lack of patience on my part? My process is to become self-inquisitive.
Structurally, I can identify all the constituent waves necessary to consider the decline complete, and price has reached the Fibonacci extensions that would typically signal the end of such a pattern. Under normal circumstances, that would already have produced a response to the upside.
So, for now, patience is required. In the days ahead, the market will either reveal why this pattern is not cooperating with my current perspective, or it will begin to deliver the subdivisions that should accompany a completed decline. Either outcome provides clarity. Until then, the process itself remains the most valuable guide.
In the case of Solana, the pattern appears to be saying exactly what the arrows on the chart are suggesting. And yet, I currently have no price-based evidence to support that interpretation. Price has not advanced in any meaningful way, has not challenged important resistance areas, and has not begun to break apart the broader downside structure. There’s a disconnect that cannot be ignored.
A misinterpretation of the pattern in my analysis?
A lack of patience on my part? My process is to become self-inquisitive.
Structurally, I can identify all the constituent waves necessary to consider the decline complete, and price has reached the Fibonacci extensions that would typically signal the end of such a pattern. Under normal circumstances, that would already have produced a response to the upside.
So, for now, patience is required. In the days ahead, the market will either reveal why this pattern is not cooperating with my current perspective, or it will begin to deliver the subdivisions that should accompany a completed decline. Either outcome provides clarity. Until then, the process itself remains the most valuable guide.
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Go to ewtdaily.com for DETAILED DAILY UPDATES on this ticker and get a 7-day FREE trial on updates on entire coverage list of 27 unique tickers.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.