Automatic Elliott Wave count (CycleSic)

Who this is for — You just turned on Elliott Wave in CycleSic and want to understand what you are looking at in two minutes, without a full theory course.

This page explains the CycleSic tool. Classic Elliott theory (Frost & Prechter) deserves dedicated articles; here we keep the operational piece: what the engine draws and how to use it without self-deception.

In one sentence

The indicator looks for a live count on the right edge of the chart: impulse 1-2-3-4-5 and, if present, A-B-C correction. If it finds no valid recent count, it does not invent waves.

What you see on the chart

Element	Color	Meaning
Numbers 0 1 2 3 4 5 (and A B C)	labels	Pivots of the current count
Structure line	green (Bull) / red (Bear)	Connects the count pivots
Dashed orange line	`#fbbf24`	Invalidation = Wave 1 price. If price breaks it, that count dies
Dashed purple lines	`#a78bfa`	Typical targets (e.g. W5 length of W1, W5 at Fib 0.618)

Card — First reading

1. Read the stage in the panel ("In progress: wave 4", "Impulse 1-5", ...).
2. Check direction: Bull or Bear.
3. Note the orange line: it is the count stop, not your broker stop-loss.
4. Purple lines are working levels: zones where W5 (or C) often reaches, not auto-orders.

Useful settings (if you are new)

Parameter	What it does	Tip
Cyclic pivot (DOM)	Swing confirmation follows the dominant cycle	Leave it on
Pivot bars	How wide a swing must be to count	Only if you turn DOM off: lower = more waves (noise), higher = fewer waves (larger degree)

What it is NOT

Not an automatic buy/sell signal.
Not the "only" possible Elliott reading: two analysts may disagree; the engine shows one live scenario with a score.
It will not revive week-old structures just because Fibonacci ratios look pretty.

Alerts (optional)

In the indicator sheet you can arm alerts on facts that already happened: impulse 1-5 complete, ABC complete, count invalidated. They help you leave the chart, not replace reading it.