Elliott count: Triangle (contracting, descending), Corrective pattern (upward), e in progress (4 of 4 guidelines) · b = 67% of a; c = 71% of b; d = 84% of c; e = 77% of d
smaller wave degree Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart.
Comparison: The rule treats the last rise as the possible start of an upward impulse (without checking its history and structure). The Elliott count reads it as the end of an upward correction (c).
Position: Position not clear (allowed in wave 4, B or X)
Alternative (not drawn): Impulse, Impulse pattern (downward), Wave 2 in progress (3 of 3 guidelines)
Note: e runs beyond the a–c line (allowed).
Note: Structure ambiguous: leg c can also be read as three- or five-part.
Note: Structure open: leg d cannot be broken down into sub-waves on this timeframe – provisional, check the count yourself on the chart.
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
Automated analysis (rule-based): the rule calculates waves and Fibonacci levels from the completed 4-hour candles; the chart is recalculated every hour. Not investment advice. Axis and values: distance from the top of the buy zone in %, no prices.