on this chart I want show you how my AutoCounting Tool for Elliott Waves works as well.
The indicator works with a lot of counting in the higher and lower bars. The numbers are transparent and ovelapping. Where are more transparent numbers, there the number have a bright color.
In this example you see on the uptrends the bright colorized Number 3 in the middle (it's 3 of III) and we have already 3 times of it: so this is why I know the wave 5 is finished. Moreover, the bullish impulse is started. Kind regads