$SOL
UPDATE $SOL (FDUSD) — 10/05/20226 , 17:31
From a short-term structure perspective, price action looks like it may be developing a corrective consolidation phase (potential triangle-like behavior in wave 4 territory).
If this interpretation holds, the market could be preparing for a possible continuation into a final impulsive leg (wave 5 scenario).
However, this is not a confirmed structure yet — it is still evolving in real time.
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In this context, I’m treating this as a probabilistic setup:
• Primary scenario: continuation after consolidation completes
• Alternative scenario: extended wave 4 structure before any breakout attempt
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Execution-wise:
I’ve taken a small spot position targeting the 94.7 area as an initial structure-based projection, while keeping capital reserved in case price extends further within the corrective phase.
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Key point:
Elliott Wave structures are not certainties — they are frameworks for mapping probability, not prediction.
So flexibility matters more than conviction here.
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Not financial advice — just a live interpretation of evolving structure.