Technical analysis by pasa0661 about Symbol SOL: Buy recommendation (4/13/2024)

Hello Everyone, today we will examine the daily chart of the fading... We see that he makes a classic 5, falling and stretching behind him, making a 3. The last 5th wave contains 5 inner fractal zigzags. There is something I see as important here. The 1 of 5 was revealed in the 2nd movement, not in the first movement. In other words, it must either give direction, create a strong increase, or make a peak above peak (HH) so that it can become a wavelet. Of course, when you look at the lower time frames, you will see it as a wave. They also have different elliot structures within themselves. Therefore, if you count directly as 1-2-3-4-5, you will finish the elliot in yellow 3 and end the 5th wave. However, this is an example of incorrect counting. That's why I wanted to mention it and show it to you. Wave 1 consists of ABC. As a result, if we come to the expectation, it is to make 217 from around 143 - 143.50... To explain, if you draw 0-1-2 expansion (Fibonacci extension tool), which is also the starting wave of 143.50, it corresponds to a ratio of 6.856. This ratio is one of the derivatives of the Golden ratio. So if you say 1 (Equality - balance) / 0.618, you find = 1.618. If you divide the number you found by 0.618 again => 1.618 / 0.618 = 2.618 and if you divide by 0.618 again, you get 4.236 and if you divide by 0.618 again 6.856.. Thus, you make Mod (0.618) = 1.618 in the infinite repetition of the main ratios 0.382 and 0.618, which form the golden ratio... So you bring up the subject of modular arithmetic that you see in middle school or high school. For example like mod(5)... Coming to my 2nd criterion, you will see the -0.618 Extesion extension level of the 0-1 inner fractal zigzag as one of the resistance and support levels. Now that we have found the entry level, it is time to write TP... Why 217? Because when we draw General (2-3) Fibo, -0.786 Extension corresponds to a level like 216.808. At the same time, this level corresponds to the -0.272 Extension level of the inner fractal zigzag (0-3). That's all my analysis and what I have to say... If there is something you don't understand, I can explain it if you mention it in the comments... Take care of yourself, goodbye...Comment: Pending order active (143 --> 217)