$ALAB – Impulse Complete or Just a Deep Wave-4?Astera Labs, Inc.BATS:ALABtex071173952After a massive 5-wave run from $47 → $262, Astera Labs (ALAB) is showing the first real signs of exhaustion. The key question now: is this a larger ABC correction, or just a Wave-4 pause before a final push higher? Structure Price turned lower after rejecting the upper channel resistance. The decline looks impulsive, with expanding volume — more typical of a Wave-A than a shallow pullback. Momentum RSI collapsed to around 34, showing strong downside momentum. Wave-4 corrections usually stall near 40–45, so this leans bearish. MACD turned negative and diverging — consistent with the start of a broader correction. Key Levels $175–$185 → Resistance area for a potential Wave-B bounce $135–$140 → 0.382 Fib – first meaningful support $111 → 0.5 Fib – midpoint target for Wave-C $90 → 0.618 Fib – ideal capitulation zone and long-term buy area Scenarios 🟢 Bullish (40%) – Wave-4 before Wave-5 Consolidation above $135 and RSI basing near 35–40 could trigger a rebound. Confirmation comes on a break and close above $185 → potential Wave-5 rally toward $320–$350. 🔴 Bearish (60%) – Larger ABC correction Failure to hold $135 → next leg down toward $110–$90 (Wave-C). Would reset the structure before a new long-term impulse begins. Summary Momentum and structure currently favor a larger ABC correction rather than a shallow Wave-4. Expect a short-term bounce (Wave-B), followed by a potential retest of the $110–$90 zone later this cycle. A new bullish phase likely begins once RSI forms bullish divergence and price starts reclaiming higher highs. Outlook Short-term: bearish pressure / corrective phase Medium-term: base expected Q1–Q2 2026 Long-term: bullish continuation once correction completes What’s your take: early stages of Wave-C, or will buyers defend the 0.382?