Numbers 1 to 5 label the successive legs of the selected wave pattern. The last point can still move.
TLV · Healthcare · Weekly analysis
TKUN Elliott Wave report
Tikun Olam-Cannbit Pharmaceuticals Ltd
Current reading
The wave count points to a decline
The selected pattern describes a move downward. Compare it with trend, momentum and the price levels below before drawing a conclusion.
20/100 Setup score
22/100 Data quality
Watching Setup status
A setup score is a measure of fit, not a probability or price forecast.
How to use this report
Start with price. Read the selected pattern and the weekly closing levels beside the chart. “Confirm” means a move supports that interpretation; it does not guarantee a return.
Compare the evidence. A wave count can disagree with the trend, momentum or sector. The report points out those differences before looking at timing.
Check the limits. Timing windows are estimates, the last swing can move, and historical outcomes vary. Open the rules and data notes for more detail.
01 · Price & key levels
The pattern and the prices to watch
1 of 3 available readings support the downward wave interpretation; 0 lean against it. Agreement adds context, but does not guarantee the next move.
The most recent swing is still forming and can extend. A settled label needs a confirmed reversal.
Weekly price and wave pattern
Move across the chart to inspect a week. Turn on explanations for a guide to the marked points.
Weekly close30-week trendFair ValueConfirmationCount failureSelected pattern
The shaded area marks the selected pattern. Filled dots mark confirmed turns; the outlined dot is still forming. Prices use completed weeks; changing the chart range does not recalculate the count.
Reading the chart
Numbers 1 to 5 label the successive legs of the selected wave pattern. The last point can still move. A confirmed turn means price reversed far enough to establish that swing point. It does not confirm what price will do next.
The green line is the trend reference. Fair Value provides price context. Dashed confirmation and failure levels describe the selected count; they are not price targets.
Weekly chart values
| Week ending | Close | 30-week trend | Fair Value |
|---|---|---|---|
| 2026-07-17 | 16,190,000.00 | Unavailable | 16,190,000.00 |
| 2026-07-24 | 16,285,000.00 | Unavailable | 16,237,500.00 |
| 2026-07-31 | 18,555,000.00 | Unavailable | 17,010,000.00 |
| 2026-08-07 | 10,810,000.00 | Unavailable | 15,460,000.00 |
| 2026-08-14 | 6,070,000.00 | Unavailable | 13,582,000.00 |
| 2026-08-21 | 7,050,000.00 | Unavailable | 12,493,333.33 |
| 2026-08-28 | 8,550,000.00 | Unavailable | 11,930,000.00 |
| 2026-09-04 | 8,960,000.00 | Unavailable | 11,558,750.00 |
4-week return
-17.1%
13-week return
-
26-week return
-
52-week return
-
From 52-week high
-61.8%
26-week volatility
-
02 · Wave count
How the wave count fits
The chart uses a 16.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.
Scenario comparison
Compare the possible patterns
Leading wave count
33% evidence weight
Possible bearish Wave 2 crest
The count below meets the required wave rules. The details show which swings and proportions support it. A valid pattern is still an interpretation of past price moves.
Confirm below 6,070,000.00
Fails above 18,555,000.00
Count stability Unavailable · 0/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 18,555,000.00; Wave 2 8,960,000.00.
GuidelineWave 2 retracement is proportionateRetraced 23% of Wave 1.
Strategic degree uses a 24.0% weekly closing-price reversal threshold.
Primary degree uses a 16.0% weekly closing-price reversal threshold.
Tactical degree uses a 11.2% weekly closing-price reversal threshold.
3 weeks · Forming
Pivot from 2026-08-14
Pivot from 2026-07-31
Not available
Price is -22.5% from Fair Value
4,450,000.00 low · 23,450,000.00 high
03 · Supporting evidence
33% directional agreement
Where the evidence agrees or disagrees
1 of 3 available readings support the downward wave interpretation; 0 lean against it. Agreement adds context, but does not guarantee the next move.
The other readings support this direction. 1 readings support the selected direction; 0 lean against it.
Trend
Unavailable
The 30-week trend line is not available.
Cycle pressure
Falling
The medium-term pressure curve is not rising.
Cycle alignment
Mixed
Cycle lengths are not moving in one clear direction.
Relative strength
Unavailable
The reading is neutral or unavailable.
Market activity
Unavailable
The reading is neutral or unavailable.
Market dynamics
+0.0
The reading is neutral or unavailable.
30-week momentum
Unavailable
The reading is neutral or unavailable.
0 constructive, 1 weak and 2 neutral measures.
Agreement describes direction among the readings. It does not necessarily support the selected wave count.Market activity
Whether participation is supporting the move.
No current reading is available. A gap in the data does not count as support.
Relative strength
Performance against the market benchmark.
No current reading is available. A gap in the data does not count as support.
30-week momentum
The pace of the medium-term price move.
No current reading is available. A gap in the data does not count as support.
Market dynamics
A separate scale prevents this lower-range measure being hidden by relative strength.
The reading is neutral or unavailable.
04 · Cycle timing
What cycle timing adds
Cycle estimates help describe timing. They do not set a date for the next price turn.
Cycle pressure is falling. A recovery in price needs support from the other readings.
Cycle repeat scores range from 0 to 0/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.
Current medium-term pressure direction
50/100 constructive · 50/100 risk
Timing estimate, not a dated forecast
Timing estimate, not a dated forecast
Cycle pressure
Above zero is positive pressure; direction matters more than the absolute number.
Shorter and longer cycles
The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.
An observed cycle is the repeat found in past prices. The repeat score describes how clearly it appears. FLD is a shifted price reference used to check a turn. Low timing scores can coexist with a positive price-cross check.
Typical / observed cycle10w / 10w
Current phaseWarming
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough-
Possible next low-
Typical / observed cycle20w / 20w
Current phaseWarming
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough-
Possible next low-
Typical / observed cycle40w / 40w
Current phaseWarming
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough-
Possible next low-
Typical / observed cycle80w / 80w
Current phaseWarming
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough-
Possible next low-
05 · Risk
Risk behind the price move
Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.
Risk in context
How much room price has to move
Price is 51.7% below the highest weekly close in the stored history. It is 61.8% below the 52-week high. The two figures use different reference points.
Largest contributors to the risk score
- Cycle rollover
Medium-term cycle pressure is falling.
- Count instability
The primary interpretation has unavailable recent stability.
- Multi-cycle risk
Hurst risk alignment is 50/100.
Downside risk check
29/100Contained
This score combines the risk checks shown here. A higher score means more warning signs, not a measured probability of a fall.
52-week low4,450,000.00
52-week high23,450,000.00
Based on the latest 26 weekly returns
Average high-to-low range over 13 weeks
From the highest close in the stored record
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.
06 · Market context
Sector trends and upcoming events
Compare the pattern with other stocks in the sector, then check whether an event could change the price picture.
Upward wave counts are not a majority among the analysed peers. That alone does not establish a downward sector trend.
41% constructive
9 of 22 analysed peers have a leading upward wave pattern.
50% have improving cycles Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.Event information is limited
No additional warning is recorded. Missing event data does not rule out a surprise.
These are the latest stored event readings. Missing earnings or options data does not mean that event risk is absent.| Peer-state horizon | Non-overlapping samples | Positive | Median | Median excess vs TA35.TA | Middle 80% of returns |
|---|---|---|---|---|---|
| 4 weeks | 0 | - | - | - | - |
| 13 weeks | 0 | - | - | - | - |
| 26 weeks | 0 | - | - | - | - |
07 · History
0 similar weekly states
What happened after similar readings
There are not enough completed, comparable outcomes to draw a useful historical comparison.
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.
Data quality, rules and limitations
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
- 3/100
- Indicator coverage
- 32/100
- Confirmed structure
- 33/100
Rules and data notes
- Swing points use weekly closes and a 16.0% adaptive reversal threshold.
- The final swing is provisional until the reversal threshold is met.
- Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
- Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
- Primary and alternate evidence weights compare admissible counts; they are not probabilities.
- Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.
Audit trail
Recent swing points
Dates and prices for the recent swings. The final point can still move.
| Date | Status | Type | Price | Move | Duration |
|---|---|---|---|---|---|
| 2026-07-31 | Confirmed | High | 18,555,000.00 | - | 0 weeks |
| 2026-08-14 | Confirmed | Low | 6,070,000.00 | -67.3% | 2 weeks |
| 2026-09-04 | Forming | High | 8,960,000.00 | 47.6% | 3 weeks |