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 Fri 20 Mar 2026
The most recent hit of Impulse wave (five swings, Elliott-style) on the daily candles completed at Fri 20 Mar 2026, 133 sessions ago, a down reading. It is not in progress now. Since then the close has moved +4.37% to 351.00.
What the candles did
Five swings down: 1 426.50→370.15, 2 back to 406.65 (below where 1 began), 3 to 340.00, 4 back to 355.45 (below the bottom of 1), 5 to 321.50; 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 365.20, 337.20, 357.40, 340.40.
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 -2.52%.
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
- Fri 20 Mar 2026 down Five swings down: 1 426.50→370.15, 2 back to 406.65 (below where 1 began), 3 to 340.00, 4 back to 355.45 (below the bottom of 1), 5 to 321.50; wave 3 is not the shortest.
- Tue 10 Mar 2026 down Five swings down: 1 473.60→426.75, 2 back to 454.70 (below where 1 began), 3 to 400.10, 4 back to 426.50 (below the bottom of 1), 5 to 370.15; wave 3 is not the shortest.
- Wed 03 Sep 2025 down Five swings down: 1 455.20→428.00, 2 back to 448.55 (below where 1 began), 3 to 392.15, 4 back to 418.00 (below the bottom of 1), 5 to 375.05; wave 3 is not the shortest.
- Tue 21 Jan 2025 down Five swings down: 1 421.50→400.90, 2 back to 417.10 (below where 1 began), 3 to 360.15, 4 back to 379.45 (below the bottom of 1), 5 to 353.35; wave 3 is not the shortest.