CPNG

Coupang, Inc. Class A

NYSE · Common stock

14.27

−0.52 (−3.52%)

Close, Oct 16, 2026

Watch

Structural summary

What is the structure, what changed, and what would invalidate it

Viridia Intelligence

Context across dimensions, not a rating

StructureLower highs, lower lowsIntermediate-degree swings on the daily chart.

WaveUnresolvedImpulse complete, next move up (Pattern Confidence 71); the weekly count points the other way.

FibonacciZone belowNearest confluence 13.74–13.91 (3 relationships), −3.1% from the close.

MomentumWeak3 months −13.2% (behind SPY by 16.1 points); 6 months −33.8%.

RegimeDowntrend−6.2% vs the 50-day average, −19.4% vs the 200-day.

RiskNormal20-day volatility 39% vs 47% over the year; 1-year drawdown −57.2%; beta 1.42.

CPNG setup history6 resolved: 1 reached target first

Current structure

Price, swings and the preferred count on the chart

CPNG · 1DLoading bars…

SourceMassive, end of dayUpdated—MethodDaily bars, split-adjusted

Candidate interpretations

Every count shown passes every hard rule

Candidate interpretations

Ranked by Pattern Confidence

Counts ending at the latest intermediate swing low, 13.35 on Oct 2, 2026. 168 labelings tested, 114 broke a hard rule, 12+ remain.

Hard-rule evidence: why 114 labelings were eliminated

45Wave 2 always retraces less than 100% of wave 1
18Wave 3 always travels beyond the end of wave 1
17Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end
9Wave 4 always retraces less than 100% of wave 3
7Wave B retraces at least 90% of wave A
7Wave B ends short of the start of wave A (a zigzag is a sharp correction)

Method Every chain of 3–6 alternating pivots ending at the latest confirmed pivot is tested as each pattern; only counts with zero hard-rule failures are kept, then ranked by Pattern Confidence. Rules: rulebook.Engine pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1, bars to Oct 16, 2026

Fibonacci map

Confluence zones above and below the closeClose 14.27

14.27close

Bar length is the zone's strength (a weighted count of relationships, not a probability). Select a zone to see what forms it.

13.74 – 13.91−3.1% from the close

3 relationships · strength 1.8 · Minor degree

13.91ProjectionWave E = 78.6% of wave D · Minor · EWF · secondary ratio
13.75ProjectionWave C = 61.8% of wave A · Minor · Essentials · secondary ratio
13.74ProjectionWave 5 = 161.8% of wave 1 · Minor · Essentials · secondary ratio

Method Targets come from the Fibonacci relationships the sources describe for the wave in progress, Elliott trend channels, the prior fourth wave of lesser degree, and 38.2–78.6% retracements of the latest swing. A zone is where two or more independent relationships fall within max(¼ ATR, 0.4%) of each other; strength counts them, weighting primary ratios and higher degrees. It is not a probability.

Evidence

The setup the preferred count implies, and how that kind of setup has done

Setup

Intermediate degree · from the preferred count

Bullish setupActive now

Five waves complete

Five waves look complete, so a correction in the other direction would normally follow.

Pattern Confidence 71 · High

Reference level0.0% from close

14.27

Latest close

Invalidation−6.4% from close

13.35

End of wave 5: beyond it wave 5 is still extending

Structural target+37.4% from close

19.61

End of wave 4: corrections tend to end near it

Reward : risk

5.8 : 1

Invalidation 6.5% from the reference level · 1.7 ATR

Track record: this setup reached its target first in 28% of 457 past cases, averaging +0.13R. It made money in both halves of the replay (+0.12R, then +0.13R). Method

Counter-trend trade against the five-wave move just finished.
Close call: the alternate count scores within a few points of the preferred one.

NoteResearch scenario generated from Viridia's structural model. Not a recommendation.BasisIntermediate degree, daily bars through Oct 16, 2026. Followed for up to 60 sessions in the track record.MethodA setup restates the preferred count as a trade: the entry (the close, or the level where the correction in progress most often ends), the stop where the count is wrong (a rule level, or the end of a finished pattern), and the count's own Fibonacci target. Reward:risk is measured from the middle of the entry range. A setup needs reward:risk of at least 1 : 1. It is research output from the wave count, not a recommendation or a forecast.

Engine details

Analysis engine: pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1
Bars analysed to: Oct 16, 2026
Price history: Automatic, updated nightly
Daily bars: 514 since Sep 30, 2024
Avg volume, 50 days: 16.13M
Dollar volume, 20 days: $234.6M
SEC CIK: 0001834584
Provider symbols: nasdaqtrader: CPNG · massive: CPNG
Listing changes: None since Sep 24, 2026

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 19, 2026, 8:00 AM EDTMethodSecurity master, daily snapshot diff

Structure at a glance

Daily chart, as of Oct 16, 2026

Since the count's last pivot (13.35, Oct 2, 2026) price has moved +6.9%, the way the count expects.12 of 12 rule-valid counts expect the current move to be up.Weekly count: zigzag wave C ↓, opposite direction

Close call.The top two counts are within 1 points. Treat the structure as unresolved until one is invalidated.

Preferred count

Impulse down · complete, next move up ↑

A five-wave decline (impulse) looks complete, so a correction up would normally follow.

1-2-3-4-5 from 28.44, Nov 28, 2025

Pattern Confidence71High

10 of 13 checks met

Key levels, preferred count

Reassess−6.4% from close

13.35

The pattern ended here. A move below it means its last wave is still going, so the pattern isn't complete.

Target, next move+33.9% from close

19.11

Correction retraces 38.2% of waves 1–5

Nearest confluence zone−3.1% from close

13.74–13.91

3 Fibonacci relationships meet here.

Alternate count

Zigzag down · complete, next move up ↑

A three-wave zigzag correction down looks complete, so the larger trend would normally resume up.

A-B-C from 25.38, Dec 26, 2025

Pattern Confidence70High

5 of 6 checks met

Why this count is preferred · 10 met, 3 not met

Met

Wave 2 retraces 50% to 85.4% of wave 1
Wave 3 measures 161.8% or more of wave 1
Waves 2 and 4 alternate: one sharp and deep, the other shallow or sideways
One actionary wave (1, 3 or 5) is extended, most often wave 3 in stocks
When wave 3 is extended, waves 1 and 5 tend toward equality
Wave 5 exceeds the end of wave 3 (a failure is called a truncation)
Alternate waves are related by a Fibonacci ratio within 5% (wave 5 to wave 1, C to A, or triangle legs at 61.8%), the more reliable kind of relationship
Wave 3 has the heaviest average volume of the actionary waves
Wave 5 comes on lighter average volume than wave 3
Waves 2 and 4 alternate in time too: the shallower correction takes at least as long

Not met

Wave 4 retraces 14.6% to 38.2% of wave 3, and no more than 50%
The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)
Wave 3 moves faster (price per bar) than waves 1 and 5

MethodPattern Confidence = (guidelines met + 2) ÷ (guidelines measured + 4), from the rulebook's guidelines, Fibonacci tendencies and wave-personality checks (wave 3 speed and volume, wave 5 volume, alternation in time, a start at the prior extreme), alternate waves in Fibonacci ratio, and the rarity of running flats. The alternate is the best-ranked count that tells a different story. It ranks the rule-valid counts against each other; it is not a probability of any outcome.

Structural summary

Viridia Intelligence

Current structure

Candidate interpretations

Candidate interpretations

Fibonacci map

Fibonacci map

Evidence

Setup

Engine details

Structure at a glance

What changed