Elliott count: Impulse, Impulse pattern (downward), Wave 5 in progress (5 of 5 guidelines) · W2 = 72% of W1; W3 = 173% of W1
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): Zigzag (A-B-C), Corrective pattern (downward), C in progress (1 of 2 guidelines)
Note: Alternation of W2 and W4 not checked.
Note: Structure ambiguous: leg W3 can also be read as three- or five-part.
Note: Structure open: leg W1, W2 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.