Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading up
0 hits in 76 candles · test this one alone Sign in to be alertedNot seen on the 5-minute candles on file
Impulse wave (five swings, Elliott-style) did not complete anywhere in the 76 5-minute candles stored for this name (from Mon 21 Sep 2026, 09:15 IST to Mon 21 Sep 2026, 15:30 IST).
Where it stands on the latest candle
Counting up: waves 1–4 confirmed, wave 5 under way (the current swing has not yet reversed by 0.75%). Pivots so far 326.85, 332.85, 330.10, 339.00, 335.30, 339.00.
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
No earlier hit on this name's 5-minute candles has a full 12 candles after it yet, so there is nothing to count.
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.