Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading down
7 hits in 520 candles · test this one alone Sign in to be alertedLast seen Tue 05 May 2026
The most recent hit of Impulse wave (five swings, Elliott-style) on the daily candles completed at Tue 05 May 2026, 106 sessions ago, an up reading. It is not in progress now. Since then the close has moved +4.53% to 10,539.00.
What the candles did
Five swings up: 1 9,000.00→9,581.00, 2 back to 9,091.00 (above where 1 began), 3 to 11,295.00, 4 back to 10,551.00 (above the top of 1), 5 to 12,863.00; 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 11,425.00, 10,259.00, 11,094.00, 10,285.00.
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
After 7 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) 3 times of 7 (43%). Median move in the hit's direction -1.31%; best +8.94%, worst -15.58%. Within the window the move typically reached +3.25% in the hit's favour and -7.43% 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 7 hits on this name
- Tue 05 May 2026 up Five swings up: 1 9,000.00→9,581.00, 2 back to 9,091.00 (above where 1 began), 3 to 11,295.00, 4 back to 10,551.00 (above the top of 1), 5 to 12,863.00; wave 3 is not the shortest.
- Thu 22 Jan 2026 down Five swings down: 1 8,170.00→7,524.00, 2 back to 7,958.50 (below where 1 began), 3 to 6,975.50, 4 back to 7,520.00 (below the bottom of 1), 5 to 6,756.00; wave 3 is not the shortest.
- Tue 30 Sep 2025 down Five swings down: 1 8,326.00→7,800.00, 2 back to 8,169.00 (below where 1 began), 3 to 7,106.00, 4 back to 7,430.00 (below the bottom of 1), 5 to 6,944.00; wave 3 is not the shortest.
- Tue 02 Sep 2025 down Five swings down: 1 9,955.50→8,510.00, 2 back to 9,275.00 (below where 1 began), 3 to 7,854.50, 4 back to 8,326.00 (below the bottom of 1), 5 to 7,800.00; wave 3 is not the shortest.
- Fri 08 Aug 2025 down Five swings down: 1 10,088.00→9,530.00, 2 back to 9,955.50 (below where 1 began), 3 to 8,510.00, 4 back to 9,275.00 (below the bottom of 1), 5 to 7,854.50; wave 3 is not the shortest.
- Fri 11 Jul 2025 up Five swings up: 1 8,333.50→8,893.50, 2 back to 8,423.50 (above where 1 began), 3 to 9,927.50, 4 back to 9,310.00 (above the top of 1), 5 to 10,088.00; wave 3 is not the shortest.
- Tue 06 May 2025 up Five swings up: 1 6,099.95→6,793.45, 2 back to 6,419.95 (above where 1 began), 3 to 7,987.00, 4 back to 7,250.00 (above the top of 1), 5 to 8,372.00; wave 3 is not the shortest.