By Elliott Wave International
The Elliott Wave Principle can help you anticipate price moves in financial markets. If you know where you are in the Elliott wave structure, you know what’s likely to come next.
Here’s the basic wave structure:
And here’s a recent example of the Wave Principle in action. Check out this Solana forecast from Elliott Wave International (EWI):
10/14/24 4:36 AM ET (Last Price 152.45): Favoring wave ((iv)) ended at 133.11, our immediate focus is higher in five waves for wave (i) of ((v)). We expect further impulsive price action in a third-of-a-third that must take prices towards at least the 1.618 projection multiple at circa 163.54.
Result: Solana rallied to hit 177.26 on Oct. 24.
Right now, you can learn the basics of the Wave Principle for free at elliottwave.com. And if you trade cryptos, you’re going to want to head over there stat!
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