Market scenarios · weekly counts · daily checks

Elliott wave briefing

Where each market sits in its recorded wave count, what the next move needs to prove, and where that reading fails.

Generated 2026-11-03T00:20:48+00:00. Completed-session prices and level checks refresh daily at 00:20 UTC.
Counts are manually reviewed. A fresh price is not a fresh count. Last closes can differ by market calendar; these are not live quotes.

What needs attention

How an Elliott wave trader would use this

Start with the working direction, then look for the stated confirmation before considering an entry. Use the alternate to decide what a failed setup would mean. Treat a target as a conditional destination and invalidation as the point to abandon that specific count.

This is a watchlist, not a complete trade plan: entry timing, an executable stop, position size and costs still need to be defined. A count that has not failed is not automatically confirmed. Crypto USD charts ask “coin or dollars?”; BTC ratios ask “coin or BTC?”. They can disagree.

WTI versus Brent: two oil readings

On the matched 2026-10-30 session, WTI closed at $104.12/barrel and Brent at $117.64/barrel (Brent minus WTI: $+13.52). Their primary upper boundaries are $119.48 and $126.10, respectively. These are different futures references and may represent different delivery months; this is a price comparison, not a tradable spread or independent confirmation of a forecast.

BTC/USD

Price session: 2026-11-02 · count reviewed: 2026-10-07 (27 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
$76,674

-4.16% over 7 calendar days · -7.93% since count date

Neither level breached — both readings remain possible

Recorded wave reading

The 2025–26 bear phase ended at $57,735 in June; a new advance has started

What a wave trader would watch

The bullish case needs a pullback that holds and a renewed advance. Watch the $69,000 area on a retracement and $92,003–$100,091 on a rally; rejection in that upper zone fits the alternate. An unbroken distant invalidation is not an entry signal.

Primary wrong below$57,735No subsequent breach observed
Alternate wrong above$126,272No subsequent breach observed

Level check: daily close, on 26 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: The bear phase is over; a new advance has started

Alternate: The bear market has another leg down

  • A rally through $100,091 that keeps going favours the primary; a stall and reversal in the $92,003–$100,091 zone favours the alternate.
  • A pullback that holds above $69,000 and turns up in five waves supports the primary.
Level / zonePriceMeaning
All-time high$126,272Above it, the alternate is dead.
Wave 3 target (primary)$117,013–$120,5101.618× wave 1.
Bounce top (alternate)$92,003–$100,09150–61.8% of $126,272 → $57,735.
Recent high$87,374Week of 21 Sep 2026.
Wave 2 zone (primary)$69,057–$72,554Normal pullback depth if the primary is right.
June low$57,735Below it, the primary is dead and the stance switches to dollars.

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Latest logged paper stance: hold-btc; 1.000× holding BTC after 26 daily return intervals. No fees.

Open annotated chart →

ETH/USD

Price session: 2026-11-02 · count reviewed: 2026-10-07 (27 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
$2,253

-3.07% over 7 calendar days · -12.46% since count date

Neither level breached — both readings remain possible

Recorded wave reading

Correction ended at $1,506 in June; a new advance has started (wave 1 in progress)

What a wave trader would watch

Watch whether a pullback holds the $2,003–$2,157 wave-2 zone, then whether ETH can reclaim $2,807. The $4,109–$4,263 wave-3 projection is conditional on that sequence; it is not a target activated just because the June low survives.

Primary wrong below$1,506No subsequent breach observed
Alternate wrong above$4,957No subsequent breach observed

Level check: daily close, on 26 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: A five-year correction ended in June; a new advance has started

Alternate: The decline from $4,957 is not finished

  • Shape of the next swings. The primary needs a clear five-wave advance, a pullback that holds above $2,003, then a strong move to new highs. The alternate expects overlapping, choppy three-wave rallies.
  • Weekly closes. A hold above the 200-week average fits the primary; a drop back under it, and then under $2,003, shifts the odds toward the alternate.
Level / zonePriceMeaning
All-time high$4,957Above it, the alternate is dead.
Wave 3 target (primary)$4,109–$4,2631.618× wave 1; same zone as the 2024 double top.
Bounce zone (alternate)$3,232–$3,63950–61.8% of $4,957 → $1,506. A stall and reversal here favours the alternate.
Recent high$2,807A weekly close above it after a pullback says wave 3 has started.
Wave 2 zone (primary)$2,003–$2,157Normal pullback depth if the primary is right.
June low$1,506Below it, the primary is dead.

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Latest logged paper stance: hold-base; 0.951× holding BTC after 26 daily return intervals. No fees.

Open annotated chart →

ETH/BTC

Price session: 2026-11-02 · count reviewed: 2026-10-07 (27 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
0.02933 BTC

+1.14% over 7 calendar days · -5.08% since count date

Neither level breached — both readings remain possible

Recorded wave reading

ETH vs BTC bottomed in Apr 2025; the Jun 2026 low ended wave 2 and wave 3 has started

What a wave trader would watch

This is the relative-allocation question: can ETH outperform BTC? A weekly close above 0.03687 BTC would improve the bullish case. ETH rising in dollars alone does not confirm this ratio count.

Primary wrong below0.02525 BTCNo subsequent breach observed
Alternate wrong above0.04327 BTCNo subsequent breach observed

Level check: daily close, on 26 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: ETH's long slide against BTC ended in April 2025

Alternate: ETH keeps losing ground to BTC

  • A weekly close above 0.03687, the Dec 2025 lower high, breaks the chain of lower highs and favours the primary.
  • A rally that stalls under 0.03687 and turns down hard, followed by a close below 0.02525, confirms the alternate.
Level / zonePriceMeaning
Wave 1 high0.04327Above it, the alternate is dead and wave 3 is confirmed.
Wave 3 target (primary)about 0.06671.618× wave 1 added to the wave 2 low.
Failure zone (alternate)0.03342–0.03687The recent lower highs. A stall and turn here favours the alternate.
Last close0.03153Week of 5 Oct 2026.
Pullback zone (primary)0.02837–0.0293350–61.8% of the first small wave of wave 3.
Wave 2 low0.02525Below it, the primary is dead and the stance switches to BTC.

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Latest logged paper stance: hold-base; 0.949× holding BTC after 26 daily return intervals. No fees.

Open annotated chart →

SOL/USD

Price session: 2026-11-02 · count reviewed: 2026-10-07 (27 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
$91.98

-8.89% over 7 calendar days · -20.91% since count date

Neither level breached — both readings remain possible

Recorded wave reading

The 2025–26 correction ended at $60.13 in June; a new advance has started

What a wave trader would watch

Watch the $85–$93 pullback zone and a subsequent break above $124.95. A stall in the $178–$206 alternate bounce zone would need a reversal before supporting the bearish interpretation.

Primary wrong below$60.13No subsequent breach observed
Alternate wrong above$295.83No subsequent breach observed

Level check: daily close, on 26 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: Wave 2 ended in June; wave 3 has started

Alternate: The fall from $295.83 is not finished

  • A pullback that holds the $85–$93 zone and then breaks above $124.95 supports the primary.
  • A rally that stalls between $178 and $206 and then breaks back below $85 favours the alternate.
Level / zonePriceMeaning
All-time high$295.83Above it, the alternate is dead.
Bounce top (alternate)$177.98–$205.7950–61.8% of $295.83 → $60.13.
Next target (primary)$189.77–$197.421.618× the first small wave.
Recent high$124.95Week of 21 Sep 2026.
Pullback zone (primary)$84.89–$92.5450–61.8% of the rally from $60.13.
June low$60.13Below it, the primary is dead.

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Latest logged paper stance: hold-base; 0.859× holding BTC after 26 daily return intervals. No fees.

Open annotated chart →

SOL/BTC

Price session: 2026-11-02 · count reviewed: 2026-10-07 (27 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
0.001197 BTC

-4.94% over 7 calendar days · -14.22% since count date

Neither level breached — both readings remain possible

Recorded wave reading

SOL is still in a downtrend against BTC; the rally since June is a bounce

What a wave trader would watch

The working count favors BTC over SOL until the ratio breaks its primary threshold. A failure below that threshold followed by a break of 0.001127 BTC would favor the downtrend reading. This can disagree with a bullish SOL/USD count.

Primary wrong above0.001557 BTCNo subsequent breach observed
Alternate wrong below0.001008 BTCNo subsequent breach observed

Level check: daily close, on 26 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: The downtrend against BTC has one more leg

Alternate: SOL bottomed against BTC in June

  • A daily close above 0.001557 settles it for the alternate.
  • A turn down from below 0.001557 that breaks the August low of 0.001127 makes the primary much more likely.
Level / zonePriceMeaning
Sep 2025 high0.002156Wave (B). Above it the long downtrend is over.
Alternate target0.001840–0.002156Prior lower highs.
Primary invalidation0.001557Wave (1) low. A close above it kills the primary and switches the stance to SOL.
Recent high0.001472Week of 21 Sep 2026.
June low0.001008End of wave (3), and the alternate's invalidation.
Wave (5) target (primary)0.000873–0.001008(C) equal to (A) in percentage terms.

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Latest logged paper stance: hold-btc; 1.000× holding BTC after 26 daily return intervals. No fees.

Open annotated chart →

Gold/USD (futures)

Price session: 2026-10-30 · count reviewed: 2026-10-23 (11 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
$3,898.90

-2.72% over 7 calendar days · -2.72% since count date

Alternate level breached — primary remains a candidate

Recorded wave reading

Correction from January: candidate C down; June support at $3,955.40 is the near-term separator.

What a wave trader would watch

The recorded alternate has breached its displayed boundary; surviving primary levels are not proof the primary is correct. The immediate test is the June low at $3,955.40: a breach rejects the bullish retest alternate. A recovery through $4,755 rejects the simple C-down primary. Watch for a reversal structure, not merely proximity to support.

Primary wrong above$4,755.00No subsequent breach observed
Alternate wrong below$3,955.40Breach observed 2026-10-30

Level check: daily high/low, on 5 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: A larger A–B–C correction remains in progress

Alternate: June ended the correction; the June low survives a deep retest

  • A breach below $3,955.40 invalidates the bullish retest alternate.
  • A recovery above $4,755.00 invalidates the simple C-from-August primary. Until then both remain possible.
Level / zonePriceMeaning
January peak$5,586.20Origin of the larger correction
August rebound$4,755.00Above: primary simple C decline invalid
June low$3,955.40Below: bullish retest alternate invalid
0.618×A projection$3,747.17Conditional C reference
C=A projection$3,124.20Conditional equal-leg reference

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Unscored futures-price scenario. Rolls, collateral and costs are not modeled.

Open annotated chart →

WTI crude/USD (futures)

Price session: 2026-10-30 · count reviewed: 2026-10-23 (11 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
$104.12

+0.82% over 7 calendar days · +0.82% since count date

Neither level breached — both readings remain possible

Recorded wave reading

Rebound from July: corrective C up versus a larger third wave; $119.48 separates the readings.

What a wave trader would watch

Watch whether the rebound exhausts near $110.48–$117.05 or breaks the March high at $119.48. A rejection would fit corrective C; a breakout favors the larger third-wave alternate. The zone alone is not a short entry.

Primary wrong above$119.48No subsequent breach observed
Alternate wrong below$67.04No subsequent breach observed

Level check: daily high/low, on 5 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: The July rebound is an A–B–C recovery within the March decline

Alternate: A larger third wave up began in July

  • A reversal below the March high fits the corrective-recovery primary; the reversal still has to occur.
  • A break above $119.48 favors the larger third-wave alternate. A fall below $67.04 invalidates that alternate.
Level / zonePriceMeaning
March high$119.48Above: simple corrective-recovery primary invalid
C=1.618×A$117.05Conditional recovery projection
October high$110.48Recent swing high
August low$74.24Internal bullish structure weakens below
July low$67.04Below: July-origin third-wave alternate invalid

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Unscored futures-price scenario. Rolls, collateral and costs are not modeled.

Open annotated chart →

Brent crude/USD (futures)

Price session: 2026-10-30 · count reviewed: 2026-10-23 (11 days ago)
Feed retrieved: 2026-11-03T00:20:01Z
$117.64

+0.79% over 7 calendar days · +0.79% since count date

Neither level breached — both readings remain possible

Recorded wave reading

July rebound is approaching the April high: corrective C up versus a larger third wave; $126.10 separates the readings.

What a wave trader would watch

Watch the $122.17–$126.10 completion area. Rejection with a lower high favors corrective C; a break above $126.10 favors the larger third-wave alternate. Compare the sequence with WTI, using each benchmark’s own levels.

Primary wrong above$126.10No subsequent breach observed
Alternate wrong below$70.14No subsequent breach observed

Level check: daily high/low, on 5 completed sessions after the count date. Crypto checks describe the paper close rule, not a strict intraday Elliott-rule audit. A breach stays flagged even if price recovers.

Confirmation, targets and alternate count

Primary: An A–B–C recovery of the April–July decline is nearing resistance

Alternate: A larger third wave up began at the July low

  • A rejection near $122.17–$126.10 followed by a lower high supports the corrective reading; touching the zone alone does not.
  • A break above $126.10 invalidates the primary and favors the larger third-wave alternate. A fall below $70.14 invalidates that alternate.
Level / zonePriceMeaning
April high$126.10Above: simple corrective-recovery primary invalid
C=1.382×A$122.17Conditional completion reference
October high$117.41Latest swing high
August low$78.13Internal bullish structure weakens below
July low$70.14Below: July-origin third-wave alternate invalid

Targets are conditional scenario levels. A touch alone does not confirm a reversal or trigger an entry.

Unscored futures-price scenario. Rolls, collateral and costs are not modeled.

Open annotated chart →

Counts are subjective scenarios, not demonstrated forecast skill. Price feeds may contain gaps or revisions. A stale-feed warning uses 36 hours since retrieval, or more than 2 calendar days since crypto close / 4 since commodity close; it is a heuristic, not an exchange-calendar audit. Existing crypto forward scores remain separate from these level checks.