Solaris (XLR): Hurry & Wait Execution

SUMMARY

Solaris (XLR) is more than half complete in it wide girthed rounded bottom formation. The chart below uses the curvature of current prices to extrapolate the remaining portion of the pattern. Eventhough the time it took to place the earlier five waves up was very short; the correction is very long, sideways and wide. Very typical of Altcoin corrections.

The blue wxyxz shows that one more incremental lower low for blue Z could complete the corrective phase and this matches well with the contracting nature of the MACD. After wave Z is placed, the slow start of building the righ wall of the rounded price formation is likely to be initiated sometime during the end of April or early May.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--