AMS · Market · Weekly research

BSWC Elliott Wave report

BlueSphere World Equity UCITS E

Week ending 24 Jul 2026 Close CZK 221.40 15 weekly observations
Current structure Needs more weekly history
20/100 setup score 22/100 data quality
The setup score is a rules-based composite, not a probability or price forecast.
Investment view

What the current structure is saying

Based on weekly closing prices

Current read

The closing-price swing map is classified as needs more weekly history. 0 of 3 available confirmation measures are constructive.

0 constructive · 2 neutral · 1 weak

What would confirm it

Evidence to look for next

  • A new closing-price high that holds above the 30-week trend.
  • Cycle pressure and the 20/40-week rhythms continuing to rise together.
  • Relative strength and market activity remaining above neutral.
What would challenge it

Nearest confirmed structure level

CZK 215.24

Confirmed on 2026-04-17. Treat this as a structure reference, not an automatic trading level.

4-week return 0.7%
13-week return 3.4%
26-week return -
52-week return -
From 52-week high -2.8%
26-week volatility 10.7%
Wave structure

Price, trend and the active swing

The chart uses a 5.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Closing-price swing map

Weekly close against the 30-week trend and long-term Fair Value reference.

Close 30-week trend Fair Value
Active swing 2.9%

14 weeks · Forming

Nearest confirmed support 215.24

Pivot from 2026-04-17

Nearest confirmed resistance -

Price is above prior confirmed highs

30-week trend -

Not available

Fair Value reference 220.20

Price is 0.5% from Fair Value

52-week range position 65%

209.78 low · 227.70 high

Cycle timing

Are the main rhythms moving together?

Cycle readings describe timing pressure. They do not set a price target or guarantee the next turning point.

Pressure phaseFalling

Current medium-term pressure direction

Multi-cycle alignmentMixed

38/100 constructive · 62/100 risk

Nearest trough window-

Timing estimate, not a dated forecast

Nearest crest window-

Timing estimate, not a dated forecast

Cycle pressure

Above zero is positive pressure; direction matters more than the absolute number.

Multi-cycle rhythm

The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.

Nominal cycle10w
Current phaseFalling
Reading-0.30
Recent amplitude0.34
Since last trough4w
Next trough window4w
Nominal cycle20w
Current phaseWarming
Reading-
Recent amplitude-
Since last trough-
Next trough window-
Nominal cycle40w
Current phaseWarming
Reading-
Recent amplitude-
Since last trough-
Next trough window-
Nominal cycle80w
Current phaseWarming
Reading-
Recent amplitude-
Since last trough-
Next trough window-
Confirmation

Does price behaviour support the wave count?

Each measure answers a different question. Agreement across several measures is more useful than one strong reading in isolation.

33% confirmation alignment
Trend

The 30-week trend line is not available.

Unavailable
Cycle pressure

The medium-term pressure curve is not rising.

Falling
Cycle alignment

Cycle lengths are not moving in one clear direction.

Mixed
Relative strength

The reading is neutral or unavailable.

Unavailable
Market activity

The reading is neutral or unavailable.

Unavailable
Market dynamics

The reading is neutral or unavailable.

+0.0
30-week momentum

The reading is neutral or unavailable.

Unavailable
Combined reading Defensive

0 constructive, 1 weak and 2 neutral measures.

This is a count of rules-based evidence, not a recommendation.

Market activity

Whether participation is supporting the move.

Relative strength

Performance against the market benchmark.

30-week momentum

The pace of the medium-term price move.

Market dynamics

A separate scale prevents this lower-range measure being hidden by relative strength.

Risk and participation

How much movement sits behind the pattern?

Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.

52-week low209.78
52-week high227.70
Annualised volatility10.7%

Based on the latest 26 weekly returns

Average weekly range1.6%

Average high-to-low range over 13 weeks

Current drawdown-1.6%

From the highest close in the stored record

Latest volume84%

Of its trailing 20-week average

Drawdown history

Distance below the highest prior weekly close.

Realised volatility

Annualised variability of the latest 26 weekly returns.

Relative volume

Weekly volume as a percentage of its 20-week average.

Historical context

What followed similar readings in this security?

Matches compare trend, cycle direction, momentum, relative strength and market dynamics using only information available at each historical week.

0 similar weekly states
Not enough comparable history yet

Historical context appears only when at least eight completed outcomes are available for one of the measured horizons.

At least 90 weekly observations are required.

Evidence quality22/100

This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.

Weekly history
6/100
Indicator coverage
36/100
Confirmed structure
17/100
How the count is built

Rules, references and limitations

  • Swing points use weekly closes and a 5.0% adaptive reversal threshold.
  • The final swing is provisional until the reversal threshold is met.
  • Elliott labels describe one rules-based interpretation; other valid counts may exist.
  • Cycle windows are estimates derived from observed rhythms, not scheduled turning dates.
Audit trail

Recent swing points

The exact points used to construct the visible wave map.

DateStatusTypePriceMoveDuration
2026-04-17 Confirmed Low 215.24 - 0 weeks
2026-07-24 Forming High 221.40 2.9% 14 weeks