Elliott count: Nested combination, Corrective pattern (upward), Y in progress (2 of 2 guidelines) · X = 85% of W; Y = 78% of W
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 the first leg W of a correction.
Alternative (not drawn): Combination (W-X-Y), Corrective pattern (downward), Y complete (2 of 3 guidelines)
Note: Nested: leg W is itself a combination, its X is 30.8% (at most 88.7%).
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 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.