Elliott count: Nested combination, Corrective pattern (downward), Z in progress (3 of 3 guidelines) · X = 40% of W; Y = 88% of W; X = 55% of Y; Z = 29% of W–Y
provisional count The inner sub-waves cannot be seen on this timeframe – the hard Elliott rules are met, the internal structure remains open. 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 countermove X in a correction.
Alternative (not drawn): Diagonal (contracting, leading), Impulse pattern (downward), Wave 5 in progress (1 of 3 guidelines)
Note: Nested: leg W is itself a combination, its X is 18.6% (at most 88.7%).
Note: Nested: leg Y is itself a combination, its X is 43.3% (at most 88.7%).
Note: Structure ambiguous: leg W, Y can also be read as three- or five-part.
Note: Structure open: leg X cannot be broken down into sub-waves on this timeframe – provisional, check the count yourself on the chart.
Note: Retracement at least 88.7% of A: flat possible (B in progress, type only with C).
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 hourly candles; the chart is recalculated every hour. Not investment advice. On this timeframe the chart only shows the rule setup (swing detection 4 × ATR) – the rule itself works on 4-hour candles. Axis and values: distance from the top of the buy zone in %, no prices.