Elliott count: Nested combination, Corrective pattern (upward), Y complete (2 of 3 guidelines) · X = 61% of W; Y = 363% 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.
Alternative (not drawn): Zigzag (A-B-C), Corrective pattern (upward), C complete (1 of 2 guidelines)
Note: Nested: leg W is itself a combination, its X is 64.5% (at most 88.7%).
Note: Structure ambiguous: leg W, X can also be read as three- or five-part.
Note: Structure open: leg Y 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.
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.