You have the software, here’s some tips on how to interpret and compliment the data on screen.

The 14-count is a “show me counter directional volatility” part. If price comes back inside the Guard Rails, you would see more movement in that direction, however a re-test of the powder box (Lower Low / Higher High) is a possibility unless the higher low / lower high is printed within the 14 count.

The acceleration can be seen by the Humps (H) going outside the channel on the upside, tagging nothing, tagging the 1st resistance line and sniffing the 2nd resistance line on the 3rd try.

I would plot the Higher Low with a triangle and the H3 for the break out level.

On the second image the 14 count did not prove volatility, and also you get a fresh count by breaking the high. H2 proved volatiliy (working out of a hollow box, which is a divergence, but not necessarily a terminal end, especially not in a corrective structure). Going below the Guards supplied with the 3 humps. The H1 was an automatic plot, H2, H3 I had to fill in (hence the font difference).

After the back test, there were 3 humps again, and the H2 was rather shy around the previous high, but there was clearly a return back below the Guard, so the count stands.

Happy 2024!

* In US English, it’s ‘labeling’ (one ‘l’). In UK English, it’s ‘labelling’ (double ‘l’).