🔍 Scenario: Corrective zigzag A–B–C of a higher degree.
On higher timeframes (1H/4) for the SOLUSD pair, a clear zigzag structure A–B–C has formed after the completion of the fifth wave of a large upward impulse. Wave A down represents a five-wave movement — a classic impulse. Wave B is a full-fledged zigzag consisting of:
impulse wave A upwards,
corrective wave B down in ABC format,
final diagonal in wave C, completing the structure B.
The diagonal at the end of wave B was broken down, confirming the end of the correction and the beginning of a new descending wave C.
🎯 Entry point, stop, and profit fixation targets
The entry into short was made immediately after the breakout of the final diagonal of wave C of B on the 4-hour chart. This movement marked the change of structure and the beginning of wave C downwards.
The stop-loss is set behind the level of 0.382 according to Fibonacci, drawn from the beginning to the end of wave A. This approach allows for a clear cancellation point of the scenario with a reasonable level of risk.
Take-profits are planned as follows:
the first part of the position — at the level of 0.618 from the length of wave A;
the second part — at the level of 1.0 from the length of wave A;
the remaining 10% of the position is left in anticipation of a possible extension of wave C to the level of 1.618 from wave A.
All targets are calculated using the trend Fibonacci Extension: point 0 — start of wave A, point 1 — end of wave A, point 2 — peak of wave B.
📐 Approach to analysis
In my work, I rely solely on the pure chart and wave structure. I do not use indicators, oscillators, or volumes — only price movement and wave geometry. This approach allows me to focus on market logic and respond timely to phase changes.
💡 Conclusion
Solana completed wave B in the form of a zigzag with a final diagonal, and its breakout down opened up the potential for the development of a full wave C. The opening of a short position is based on pure technical logic, with clear stop and take levels built according to classic Fibonacci methodology.
📌 This review is analytical in nature and is not a financial recommendation. All decisions are made by the trader independently.
