TOOLSMARKET: BANK NIFTY· MODEL: ELLIOTT-WAVE

ELLIOTT WAVE ENGINE

Standalone 5-wave impulse recognition model with invalidation rules

ELLIOTT WAVE INTELLIGENCE5-WAVE IMPULSE ENGINE · RULES-BASED SWING EVALUATION

BANK-NIFTY Wave Structure & Invalidation

NO IMPULSE DETECTED

WAVE 1 POINTS

—

Initial Impulse Drive

WAVE 2 RETRACE

—

Must be < 100%

WAVE 3 POINTS

—

Primary Extension Drive

INVALIDATION LEVEL

—

Hard Failure Threshold

STRUCTURE

Sequence breakdown & price anchor coordinates

No 6-point sequence in recent swing data satisfies all 3 Elliott impulse rules (Wave 2 retrace limit, Wave 3 shortest rule, Wave 4 overlap).

RULES CHECKLIST

Strict 3-rule algorithmic validation

RULE 1: W2 RETRACE < 100% W1

Wave 2 cannot retrace past start of Wave 1

—

RULE 2: W3 IS NOT SHORTEST

Wave 3 cannot be shortest impulse wave

—

RULE 3: W4 NO W1 OVERLAP