Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading down
0 hits in 7 candles · test this one alone Sign in to be alertedNot seen on the hourly candles on file
Impulse wave (five swings, Elliott-style) did not complete anywhere in the 7 hourly candles stored for this name (from Mon 21 Sep 2026, 09:15 IST to Mon 21 Sep 2026, 15:15 IST).
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 0.75%). Pivots so far 2,499.70, 2,334.00, 2,381.90, 2,350.70.
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 hourly candles has a full 4 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.