If Solana was an Air Carrier, then the only question we would have concerning this flight to new lows is….”Is this a non-stop flight, or do we make multiple stops before we arrive at our final destination”?

Black is Primary and Purple is Alternative ( Triangle Pattern ) but truth is both are looking pretty reasonable. The triangle gained some validity today with such a high consolidation. If this is a triangle we’ll bounce between $38-$41 to the $54-$56 level all week. Traders, pay attention….there’s a lot of good scalping to be had in a triangle. We wont’ have confirmation of a triangle till we get a B wave in place and we bounce.

Black primary is still looking good too. First clue is we need to get going down in an impulsive manner. That means we start to drop tonight and tomorrow it picks up steam. The benefits of my black primary is we should bottom above below $35, BUT above $30. The Triangle takes us into the $20’s.

Best to All,

Chris