Elliott count: Combination (W-X-Y-X-Z), Corrective pattern (downward), Z complete (3 of 4 guidelines) · X = 81% of W; Y = 127% of W; X = 55% of Y; Z = 35% of W–Y
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 complete (1 of 3 guidelines)
Note: Z truncated.
Note: Structure ambiguous: leg W, Y, Z can also be read as three- or five-part.
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 weekly candles; the chart is recalculated every day. Not investment advice. On this timeframe the chart only shows the rule setup (swing detection 2 × ATR) – the rule itself works on 4-hour candles. Axis and values: distance from the top of the buy zone in %, no prices. Fibonacci measured logarithmically (weekly candles).