Named line-break rules for a wave count and Fibonacci map

From a live count to named lines

A labeled impulse-and-correction count decides whether the next swing is expected to extend, retrace, or reverse. A Fibonacci projection is a measured extension of a completed swing, commonly the 100% or 161.8% multiple, placed on the chart before the move arrives.

Opening and closing actions are attached to named lines, and a single input chooses whether a break is valid on a tick extreme or only on the closing print. An expert can encode the same rule set for manual, semi-automatic, or automatic use so orders can still fire while the operator is away from the screen.

Count and entries on one chart

A tick-based high-low zigzag is included on the brick template specifically so wave labels can be counted on the same chart that later hosts entries.

A rule-based entry then fires only when a pre-named line or digital condition is broken under an explicit tick-or-close rule. A named-line-break is a drawn trend, support, or resistance line whose short code tells the expert whether to open, close, reverse, or block trades.

A unique identifier on each expert

Each expert instance must carry a unique identifier. Otherwise a buy or sell trigger on one chart can act on positions managed by another chart.

After a completed third wave

After a completed third wave, a close through a declining line drawn from that top is treated as a candidate start of a fifth-wave impulse and can be coded as an open-long-stop.

A Fibonacci projection from the wave-3 high through the wave-4 low supplies 100% and 161.8% objectives that can be paired with a close-long-limit line.

When two opens remain plausible

When both a reversal open-long-stop and a continuation open-short-stop at a 50% retrace remain plausible, one-cancels-all removes the unused line after the first fill. One-cancels-all is the constraint that deletes unused opening lines after the first of two competing hypotheses fills.

Opposite-position codes can close a long on a stop and immediately open a short if the count flips from a new impulse to an A-B-C continuation.

Stand down through wave four

A long-limit-block placed just below a 161.8% projection of wave [2] exits the long at the expected wave-3 area and blocks new automatic entries until wave 4 is judged complete. A long-limit-block is a profit-side exit that also forbids new automatic entries for as long as the line remains on the chart.

The matching wave-four-stand-down is the practice of exiting near a third-wave projection and staying flat through the following correction so smaller counter-swings are not taken as fresh signals.