Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading up
6 hits in 520 candles · test this one alone Sign in to be alertedLast seen Wed 19 Aug 2026
The most recent hit of Impulse wave (five swings, Elliott-style) on the daily candles completed at Wed 19 Aug 2026, 32 sessions ago, a down reading. It is not in progress now. Since then the close has moved +2.95% to 143.61.
What the candles did
Five swings down: 1 139.49→131.10, 2 back to 137.50 (below where 1 began), 3 to 123.50, 4 back to 128.62 (below the bottom of 1), 5 to 119.12; wave 3 is not the shortest.
Where it stands on the latest candle
Counting up: waves 1–2 confirmed, wave 3 under way (the current swing has not yet reversed by 4%). Pivots so far 136.50, 143.80, 137.61, 144.39.
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
After 6 earlier hits on this name's daily candles, the close 10 sessions later went the hit's own way (up after an up reading, down after a down one) 2 times of 6 (33%). Median move in the hit's direction -0.80%; best +7.61%, worst -4.16%. Within the window the move typically reached +7.99% in the hit's favour and -7.79% against it. On this name it has more often gone the other way.
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 6 hits on this name
- Wed 19 Aug 2026 down Five swings down: 1 139.49→131.10, 2 back to 137.50 (below where 1 began), 3 to 123.50, 4 back to 128.62 (below the bottom of 1), 5 to 119.12; wave 3 is not the shortest.
- Thu 25 Jun 2026 up Five swings up: 1 97.70→105.95, 2 back to 98.64 (above where 1 began), 3 to 120.90, 4 back to 112.00 (above the top of 1), 5 to 145.88; wave 3 is not the shortest.
- Tue 17 Mar 2026 down Five swings down: 1 106.79→98.51, 2 back to 103.00 (below where 1 began), 3 to 86.31, 4 back to 93.31 (below the bottom of 1), 5 to 80.00; wave 3 is not the shortest.
- Thu 13 Feb 2025 down Five swings down: 1 165.99→144.10, 2 back to 151.62 (below where 1 began), 3 to 136.90, 4 back to 143.00 (below the bottom of 1), 5 to 133.00; wave 3 is not the shortest.
- Mon 10 Feb 2025 down Five swings down: 1 179.98→155.00, 2 back to 165.99 (below where 1 began), 3 to 144.10, 4 back to 151.62 (below the bottom of 1), 5 to 136.90; wave 3 is not the shortest.
- Tue 12 Nov 2024 up Five swings up: 1 159.01→172.14, 2 back to 161.94 (above where 1 began), 3 to 187.50, 4 back to 175.00 (above the top of 1), 5 to 189.95; wave 3 is not the shortest.