Here's a Unique Way to Spot Worthy Investment or Trading Ideas

"Short term elliotticity helps us recognize markets that have recently traced out clear Elliott waves"

By Elliott Wave International

This one-of-a-kind way to spot investment ideas is called "elliotticity." The impartial arbiter of elliotticity is our proprietary computer program called EWAVES, Elliott Wave Analysis & Validation Expert System.

Elliott Wave International has been perfecting EWAVES for years; it already powers EWI's Flash Services recommendations. And now, it can quantify the exact percentage by which a market adheres to the Elliott wave model by giving it an elliotticity score.

Our recent monthly Elliott Wave Theorist provided more insights:

Total elliotticity takes into account the entire history of a market. Markets with the highest total elliotticity conform best to the Elliott wave model at all degrees of scale. Short term elliotticity helps us recognize markets that have recently traced out clear Elliott waves and thus are good candidates for near term forecasting. ...

Elliotticity is designed for practical use. We use a percentage scale of 1-100.

Currencies and commodities adhere well to the model, so both are high-elliotticity asset classes. Regarding stocks, high-volume and high market-capitalization stocks tend to have a higher adherence versus thinly traded issues -- because Elliott waves track herding (or crowd) behavior, and generally speaking, the bigger the market cap of a stock, the bigger the crowd.

Here's another quote from our recent Elliott Wave Theorist:

Trend following indicators are quantitative by nature, completely dependent upon pre-chosen numerical indicator settings. But the market's trends do not adhere to quantitative norms. ...

The most important advantage of EWAVES is that it is qualitative. It can identify the market's patterns regardless of their quantitative duration, price change, speed, volatility or any other such aspects.

Like all market forecasting, EWAVES operates on probabilities, not certainties. Yet, EWAVES does offer investment ideas worth your attention -- analyzing several hundred investment vehicles each day and ranking them to find the best wave counts.

Where can you see them?

You'll find the investment vehicles sporting the highest elliotticity right now in our monthly Global Market Perspective in the section titled "EWAVES," which includes the "EWAVES Chart Gallery." In case you're unfamiliar with the Global Market Perspective, it's an Elliott Wave International publication which provides Elliott wave analysis for 50+ worldwide financial markets.

If you'd like to brush up on your knowledge of Elliott wave analysis, or are brand new to the subject, you are encouraged to read the Wall Street classic book by Frost & Prechter, Elliott Wave Principle: Key to Market Behavior. Here's a quote from the book:

Always invest with the preferred wave count. Not infrequently, the two or even three best counts comfortably dictate the same investment stance. Sometimes being continuously sensitive to alternatives can allow you to make money even when your preferred count is in error. For instance, after a minor low that you erroneously consider of major importance, you may recognize at a higher level that the market is vulnerable again to new lows. This recognition occurs after a clear-cut three-wave rally follows the minor low rather than the necessary five, since a three-wave rally is the sign of an upward correction. Thus, what happens after the turning point often helps confirm or refute the assumed status of the low or high, well in advance of danger.

Even if the market allows no such graceful change of opinion, the Wave Principle still offers exceptional value. Most other approaches to market analysis, whether fundamental, technical or cyclical, have no good way of forcing a reversal of opinion or position if you are wrong. The Wave Principle, in contrast, provides a built-in objective method for placing a stop. Since wave analysis is based upon price patterns, a pattern identified as having been completed is either over or it isn't. If the market changes direction, the analyst has caught the turn. If the market moves beyond what the apparently completed pattern allows, the conclusion is wrong, and any funds at risk can be reclaimed immediately.

Here's the good news: You can access the online version of Elliott Wave Principle: Key to Market Behaviorfor free when you become a Club EWI member.

Club EWI is the world's largest Elliott wave educational community and is free to join -- PLUS, members enjoy free access to a wealth of Elliott wave resources on investing and trading without any obligation.

Just follow this link: Elliott Wave Principle: Key to Market Behavior -- free and unlimited access.

This article was syndicated by Elliott Wave International and was originally published under the headline Here's a Unique Way to Spot Worthy Investment or Trading Ideas. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

So... This Happened! One Crypto Goes From "Little-Known" -to- "Top 10" in 6 Weeks

SOL surges 10x in six weeks, outshining crypto kings like Bitcoin and Ethereum. See how you could have seen the rally coming.

By Elliott Wave International

The world's financial authorities continue toggling back and forth between banning digital currency transactions one day, and predicting hyperbitcoinization -- i.e., bitcoin becoming fiat currency -- the other.

All the while high-profile gazillionaires like Elon Musk stir the pot with metaphorical nursing tweets about "pumping not dumping" bitcoin.

Thus, it's hard to remember bitcoin is NOT the only sheriff in town. There are hundreds of listed tokens quietly making huge waves in their much smaller pools. One such name is Solana, a lower altcoin who, between July 20 and September 9, actually outperformed the leading crypto kings.

While Solana stood at a much more accessible $22 at its July 20 low, Bitcoin stood just under $30,000. And yet, only one of these two currencies surged tenfold from that low to all-time highs in the ensuing month.

That would've been Solana!

In fact, Solana's incredible run catapulted it into the elite list of "Top 10" cryptos, for the 10th ranking. And everyone from the August 16 Forbes -- "Solana Hits New All-Time High" -- to the August 16 Public UK -- "Solana Price on a Roar!" -- stood up and paid attention to the action.

An August 24 Coin Telegraph had this stunning testament to the new-found fervor for Solana:

"Institutional investors bet big on Solana... with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week.

"According to CoinShares' Monday 'Digital Asset Fund Flows Weekly' report, $7.1 million flowed into Solana investment products between Aug. 15 and Friday."

The problem is, according to mainstream wisdom, nobody could've foreseen Solana going from back-of-the-line lagger to leader of the race. Said one August 17 news source:

"Its native SOL token has been the stand-out performer during the recent cryptocurrency surge of the last few days.

"The reason for the sudden and dramatic interest in Solana's open infrastructure blockchain has left many analysts scratching their heads."

Many, but not all.

On July 11, our Crypto Pro Service analyst Tony Carrion set the stage for a very bullish scenario. Tony showed the following SOLUSD chart, which pegged prices at the end of a fourth-wave Elliott wave correction.

The next move due was a fifth wave rally -- to new highs:

"We have structural support at 26.73, and hopefully the market won't need to go below that. The bottom line is that we'd want to see 38.08 exceeded, and ultimately a move above 44.10 to bolster the bullish scenario that is unfolding."

And this is what followed: SOL soared four-fold to record highs!

Then, as SOL penetrated $90 mark, the August 29 Crypto Pro Service revisited the crypto with a new, updated forecast; one that called for still higher prices even as the mainstream experts continued to scratch their heads as to why the crypto was rallying in the first place. In Tony's words:

"Apparently, a number of fundamental guys are still trying to figure out why Solana is doing this. As I've said many times, fundamental analysis is basically useless in trying to calculate price moves.

"Elliott wave analysis is far superior; it allowed us to use the .618 multiple of wave 1 to calculate where 5 might move, when it was trading way back in the 20's.

"Wave 5 isn't finished. We're not inclined to stand in the way of this move and will see what the market does. There are still higher projections using Fibonacci ratios. Heck, we could get all the way above $200."

And, a move to above $200 on September 9 is what followed!

It's commonly said that crypto markets are loose cannons with unpredictable trends.

We believe that's true -- IF you don't have the right tools to analyze price action.

We don't claim that Elliott waves are a crystal ball, of course. But patterns of investor and trader psychology are at play in cryptos, too -- making this "unpredictable" market quite the opposite.

Right now, our friends at EWI are hosting a Crypto-trader event (FREE): Now thru Sept. 23 Elliott Wave International opens the doors to their trader-focused Crypto Pro Service. FREE for 7 days, you get objective intraday + daily forecasts for Bitcoin, Ethereum + 6 more cryptos. PLUS, get up-to-speed at the free "kick-off" webinar with EWI's Crypto Pro Service editor Tony Carrion. Discover details and join in at elliottwave.com now.

This article was syndicated by Elliott Wave International and was originally published under the headline So... This Happened! One Crypto Goes From "Little-Known" -to- "Top 10" in 6 Weeks. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.