Elliott count: Nested combination, Corrective pattern (downward), Y complete (3 of 3 guidelines) · X = 46% of W; Y = 87% of W
Alternative (not drawn): Zigzag (A-B-C), Corrective pattern (downward), C complete (2 of 2 guidelines)
Note: Nested: leg W is itself a combination, its X is 86.3% (at most 88.7%).
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 hourly 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.