First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
NASDAQ · ETF
Close, Oct 16, 2026
Context across dimensions, not a rating
Counts ending at the latest intermediate swing high, 184.91 on Oct 6, 2026. 40 labelings tested, 29 broke a hard rule, 11 remain.
Bar length is the zone's strength (a weighted count of relationships, not a probability). Select a zone to see what forms it.
2 relationships · strength 3.2 · Intermediate degree
Intermediate degree · from the preferred count
A correction looks complete, so the larger trend would normally resume.
Pattern Confidence 57 · Low
Latest close
End of wave E: beyond it the correction is still extending
Thrust after the triangle ≈ width of wave A
Invalidation 8.9% from the reference level · 4.3 ATR
Track record: this setup reached its target first in 18% of 2,015 past cases, averaging −0.29R. It lost money in both halves of the replay (−0.22R, then −0.34R), so treat it with caution. Method
Daily chart, as of Oct 16, 2026
Since the count's last pivot (184.91, Oct 6, 2026) price has moved −8.1%, the way the count expects.11 of 11 rule-valid counts expect the current move to be down.Weekly count: ending diagonal wave 3 ↑, opposite direction
Close call.The top two counts are within 0 points. Treat the structure as unresolved until one is invalidated.
A sideways triangle looks complete, so a thrust down would normally follow.
A-B-C-D-E from 99.78, Apr 7, 2025
2 of 3 checks met
The pattern ended here. A move above it means its last wave is still going, so the pattern isn't complete.
Thrust after the triangle ≈ width of wave A
2 Fibonacci relationships meet here.
Price is in wave C of a three-wave zigzag correction down.
A-B from 191.52, Aug 12, 2026
2 of 3 checks met
Wave counts are built on these swings and each one passes every rule in the rulebook. They are ranked by how many guidelines they satisfy; the preferred and alternate counts are summarized above the chart.