Elliott count: Combination (W-X-Y), Corrective pattern (upward), Y in progress (3 of 3 guidelines) · X = 85% of W; Y = 90% of W
Position: Position unclear (the correction reaches into wave 1 territory, so not wave 4)
Alternative (not drawn): Nested combination, Corrective pattern (downward), Y complete (1 of 3 guidelines)
Before (drawn faintly): Impulse, Wave 3 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.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed hourly 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.