Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading down
3 hits in 301 candles · test this one alone Sign in to be alertedLast seen Thu 24 Sep 2026, 15:10 IST
The most recent hit of Impulse wave (five swings, Elliott-style) on the 5-minute candles completed at Thu 24 Sep 2026, 15:10 IST, 4 candles ago, a down reading. It is not in progress now. Since then the close has moved +0.66% to 919.10.
What the candles did
Five swings down: 1 968.00→948.50, 2 back to 956.60 (below where 1 began), 3 to 930.60, 4 back to 940.50 (below the bottom of 1), 5 to 905.60; wave 3 is not the shortest.
Where it stands on the latest candle
Counting down: waves 1–3 confirmed, wave 4 under way (the current swing has not yet reversed by 0.75%). Pivots so far 956.60, 930.60, 940.50, 905.60, 920.00.
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 2 earlier hits on this name's 5-minute candles with 12 candles after them — too few to say what usually follows. For what it is worth: the close 12 candles later went the hit's way 1 of 2 times, median move -1.55%.
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 = 0.75
- 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 3 hits on this name
- Thu 24 Sep 2026, 15:10 IST down Five swings down: 1 968.00→948.50, 2 back to 956.60 (below where 1 began), 3 to 930.60, 4 back to 940.50 (below the bottom of 1), 5 to 905.60; wave 3 is not the shortest.
- Wed 23 Sep 2026, 15:15 IST up Five swings up: 1 914.25→935.85, 2 back to 927.20 (above where 1 began), 3 to 956.00, 4 back to 947.40 (above the top of 1), 5 to 968.00; wave 3 is not the shortest.
- Mon 21 Sep 2026, 09:55 IST down Five swings down: 1 968.70→940.10, 2 back to 957.30 (below where 1 began), 3 to 924.00, 4 back to 933.50 (below the bottom of 1), 5 to 915.60; wave 3 is not the shortest.