Elliott count: Combination (W-X-Y-X-Z), Corrective pattern (downward), Z in progress (4 of 4 guidelines) · X = 88% of W; Y = 115% of W; X = 45% of Y; Z = 67% of W–Y
Alternative (not drawn): Zigzag (A-B-C), Corrective pattern (downward), C in progress (3 of 3 guidelines)
Note: Structure ambiguous: leg W, X, Y 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 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.