Elliott count: Flat (type known only after C), Corrective pattern (upward), C in progress (3 of 3 guidelines) · B = 90% of A; C = 82% of A
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 first leg A of a correction.
Alternative (not drawn): Triangle (contracting, descending), Corrective pattern (upward), e in progress (2 of 4 guidelines)
Note: Flat type (regular, expanded, running) can only be decided once C is complete.
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.