Elliott count: Combination (W-X-Y-X-Z), Corrective pattern (downward), Z complete (4 of 4 guidelines) · X = 53% of W; Y = 135% of W; X = 49% of Y; Z = 69% 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.
Alternative (not drawn): Impulse, Impulse pattern (downward), Wave 2 in progress (3 of 3 guidelines)
Note: Structure ambiguous: leg 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.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed weekly candles (recalculated every day). 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.