Elliott count: Impulse, Impulse pattern (downward), Wave 3 in progress (3 of 3 guidelines) · W2 = 71% of W1; W3 = 197% of W1
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.
Note: Structure open: leg W1 cannot be broken down into sub-waves on this timeframe – provisional, check the count yourself on the chart.
Note: Count questionable: C in progress at 197% (C of A, limit 161.8%).
Note: Count questionable: Y in progress at 197% (Y of W, limit 161.8%).
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.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed 4-hour candles (recalculated every hour). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.