With just a basic understanding of the Elliott Wave Principle, you have a tool that can help you anticipate trends and trend changes.
The Wave Principle says that markets move in five waves in their primary direction (motive waves) and three waves in the countertrend direction (corrective waves).
Once a 5-wave impulse is complete, you can expect at the very least a 3-wave correction in the opposite direction.
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Here’s a recent real-world example that shows how our analysts were able to identify the end of a 5-wave move and the reversal that followed.
On December 6, we shared with subscribers this forecast for altcoin PEPE:
“Look for wave (5) to end near 0.00002630, the 1.618 multiple of wave (1).”
Result: PEPE rallied as forecast to complete wave (5) and then reversed course swiftly.
So, where’s the next opportunity in cryptos?
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Want to learn more about the Wave Principle? This handy guide teaches you the essentials in 30 minutes (free).