Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading down
4 hits in 520 candles · test this one alone Sign in to be alertedLast seen Tue 24 Mar 2026
The most recent hit of Impulse wave (five swings, Elliott-style) on the daily candles completed at Tue 24 Mar 2026, 131 sessions ago, a down reading. It is not in progress now. Since then the close has moved +6.47% to 300.50.
What the candles did
Five swings down: 1 389.90→322.80, 2 back to 342.20 (below where 1 began), 3 to 284.40, 4 back to 295.85 (below the bottom of 1), 5 to 270.00; wave 3 is not the shortest.
Where it stands on the latest candle
Counting down: waves 1–2 confirmed, wave 3 under way (the current swing has not yet reversed by 4%). Pivots so far 326.35, 296.00, 318.20, 294.30.
What this pattern is taken to mean
Five alternating swings that obey the three classical impulse rules. A count, not a prophecy: the same swings can be counted more than one way, and this is the plain mechanical reading.
What followed on this name's own record
Only 4 earlier hits on this name's daily candles with 10 sessions after them — too few to say what usually follows. For what it is worth: the close 10 sessions later went the hit's way 2 of 4 times, median move +2.04%.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · swing_pct = 4
- Find swings with the zigzag at swing_pct.
- Take six consecutive confirmed pivots L-H-L-H-L-H (up) or H-L-H-L-H-L (down).
- Rule 1: wave 2 does not retrace past the start of wave 1.
- Rule 2: wave 3 is not the shortest of waves 1, 3 and 5.
- Rule 3: wave 4 does not enter the price territory of wave 1.
- Each wave must make progress: 3 beyond 1, 5 beyond 3.
- The pattern completes when the sixth pivot is confirmed. Progress reports 'wave 5 under way' when the first five pivots hold and the live swing is the fifth wave.
The last 4 hits on this name
- Tue 24 Mar 2026 down Five swings down: 1 389.90→322.80, 2 back to 342.20 (below where 1 began), 3 to 284.40, 4 back to 295.85 (below the bottom of 1), 5 to 270.00; wave 3 is not the shortest.
- Wed 19 Nov 2025 up Five swings up: 1 306.80→351.00, 2 back to 327.20 (above where 1 began), 3 to 380.00, 4 back to 359.75 (above the top of 1), 5 to 381.55; wave 3 is not the shortest.
- Mon 07 Apr 2025 up Five swings up: 1 254.35→272.00, 2 back to 258.31 (above where 1 began), 3 to 285.85, 4 back to 272.13 (above the top of 1), 5 to 295.70; wave 3 is not the shortest.
- Fri 17 Jan 2025 down Five swings down: 1 308.95→282.05, 2 back to 299.30 (below where 1 began), 3 to 264.25, 4 back to 275.90 (below the bottom of 1), 5 to 263.50; wave 3 is not the shortest.