“Third waves usually generate the greatest volume and price movement”
One of the main goals of investing – if not THE main goal – is to catch a powerful price move and ride it for all it’s worth.
It’s the opportunity you’ve been waiting for and, if identified correctly, third waves offer that opportunity – and this applies to both up- and down markets.
As Frost & Prechter’s Wall Street classic, Elliott Wave Principle: Key to Market Behavior, says:
Third waves are wonders to behold. They are strong and broad, and the trend at this point is unmistakable. … Third waves usually generate the greatest volume and price movement and are most often the extended wave in a series.
Further, imagine the most powerful wave within the most powerful wave. That’s called a third of a third.
After all, financial markets are fractals – meaning the same wave patterns develop at different sizes of trend. So, yes, you could even have a third of a third of a third and so on.
Now that we’ve given a brief overview, let me show you an example of how a third of a third wave played out with the cryptocurrency Solana. This chart is from our November Global Market Perspective:
The third of a third wave began in the first half of September at $17.33, which marked the end of wave II, which you’ll notice in the middle right portion of the chart. By around the end of October, the price had climbed to about $35. So, yes, the price had approximately doubled in a relatively short period of time.
By the way, the third wave of the next higher degree started back in June, following the end of wave (II), which is colored purple in the bottom middle part of the chart. Thus the phrase — a third of a third.
As of this writing here in early 2024, Solana has now advanced to 126, which is more than 600% higher since September. Hence, we raised the labels by one wave degree higher.
Here’s what you need to know: The just-published January Global Market Perspective shows you more than 30 third waves which have just started or are about to.
Follow the link below to see them on your screen in minutes.
See Potential 3rd Wave Setups on Your Screen in Minutes
Those familiar with the Elliott wave method know that 3rd waves generally “generate the greatest volume and price movement” so investors may want to keep an eye out for the early-stage development of these powerful waves.
Our just-published January Global Market Perspective shows more than 30 potential 3rd wave setups that you may want to check out.
Our monthly Global Market Perspective covers global stock indexes, individual stocks, cryptocurrencies, forex, metals, energy, bonds and much more.
Learn more by following the link below.