Elliott count: Nested combination, Corrective pattern (downward), Z in progress (3 of 3 guidelines) · X = 59% of W; Y = 79% of W; X = 80% of Y; Z = 52% of W–Y
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.
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 countermove X in a correction.
Alternative (not drawn): Combination (W-X-Y), Corrective pattern (downward), Y in progress (2 of 2 guidelines)
Note: Nested: leg W is itself a combination, its X is 55.5% (at most 88.7%).
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.