Elliott count: Nested combination, Corrective pattern (downward), Z in progress (3 of 3 guidelines) · X = 82% of W; Y = 121% of W; X = 88% of Y; Z = 51% 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): Flat (running), Corrective pattern (upward), C complete (1 of 3 guidelines)
Note: Nested: leg Y is itself a combination, its X is 42.4% (at most 88.7%).
Note: Structure ambiguous: leg X 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 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.