Sui · Elliott Wave bullish impulse with new all-time highSUI / TetherUSBINANCE:SUIUSDTMasterAnandaHere we have a bullish cycle and a bearish cycle based on Elliott Wave Theory. The bullish cycle can be considered an inverted correction. An ABC if we go one degree higher. The bearish cycle needs no explanation. When we put these two together, they can be considered part of a long-term complex correction. If the market continues to move in the same way, a true bullish cycle can start in the form of a bullish impulse, a 5-up wave. This can result in a prolonged period of growth. The shape and size of the waves are tricky. The pattern on the chart is for illustration purposes only. The size and shape can vary wildly. My prediction here based on EWT simply calls for a bullish impulse next. Notice the shape of the first two bullish impulses, there can always be strong variations and the first one has a truncated fifth. I set the third wave lower because it looks better that way. Notice how higher lows are present since October 2023, long-term higher lows. Strong bullish signals are also present on all oscillators. I now have three of these active and they all support long-term growth: RSI, MACD & STOCH. Just as the market can move down during a bearish period, brutal, it can grow, strong, during a bullish period. Just as a bear market can produce new all-time lows all across, not here; a bull market can produce new all-time highs all over the place. Bull markets tend to last longer than bear markets as the market evolves. When the market is new and young, there is very high volatility and prolonged bear markets. As the market matures and evolve, volatility goes down and bear markets become short. Namaste.