JAVA

JPMorgan Active Value ETF

NYSE Arca · ETF

82.00

−0.09 (−0.11%)

Close, Oct 16, 2026

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Structural summary

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

Viridia Intelligence

Context across dimensions, not a rating

StructureHigher highs, higher lowsIntermediate-degree swings on the daily chart.

WaveConstructiveImpulse, wave 5 up (Pattern Confidence 67); the weekly count agrees.

FibonacciZone aboveNearest confluence 84.62–85.27 (5 relationships), +3.6% from the close.

MomentumPositive3 months +2.7% (behind SPY by 0.2 points); 6 months +8.5%.

RegimeMixed−0.0% vs the 50-day average, +5.5% vs the 200-day.

RiskNormal20-day volatility 8% vs 11% over the year; 1-year drawdown −8.5%; beta 0.72.

JAVA setup historyNot replayed yet; the track record fills in most-traded securities first.

Current structure

Price, swings and the preferred count on the chart

JAVA · 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, 79.11 on Oct 1, 2026. 152 labelings tested, 106 broke a hard rule, 12+ remain.

Hard-rule evidence: why 106 labelings were eliminated

57Wave 2 always retraces less than 100% of wave 1
23Contracting 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
6Wave B ends short of the start of wave A (a zigzag is a sharp correction)
4Contracting diagonal: wave 3 is shorter than wave 1, wave 5 shorter than wave 3, and wave 4 shorter than wave 2
4Wave B retraces at least 90% of wave A

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 82.00

82.00close

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

84.62 – 85.27+3.6% from the close

5 relationships · strength 4.4 · Intermediate, Minor degrees

85.27ProjectionWave 5 = 161.8% of wave 1 · Minor · Essentials · secondary ratio
85.00ProjectionWave C = 100% of wave A · Minor · Essentials
84.95ProjectionWave 5 = 61.8% of wave 1 · Intermediate · Essentials · secondary ratio
84.66ChannelWave 5 channel (line 2–4 through 3) · Minor · Essentials
84.62ProjectionWave C = 61.8% of wave A · 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

Wave 5 under way

Wave 5 is under way: the last leg of the trend, with the invalidation where the count breaks.

Pattern Confidence 67 · Medium

Reference level0.0% from close

82.00

Latest close

Invalidation−5.8% from close

77.22

wave 4 cannot enter wave 1 territory (hard rule)

Structural target+6.4% from close

87.25

Wave 5 channel (line 2–4 through 3)

Reward : risk

1.1 : 1

Invalidation 5.8% from the reference level · 7.2 ATR

Track record: this setup reached its target first in 28% of 141 past cases, averaging +0.14R. It made money in both halves of the replay (+0.03R, then +0.23R). Method

Late in the trend: wave 5 usually comes on lighter volume than wave 3, and the sources advise reducing risk here rather than chasing.

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: 459.1K
Dollar volume, 20 days: $52.7M
SEC CIK: Not matched
Provider symbols: nasdaqtrader: JAVA · massive: JAVA
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

MethodStructure: the intermediate-degree swing structure (higher highs and lows, lower highs and lows, expanding or contracting). Wave: the preferred daily wave count's expected direction (constructive up, defensive down), unresolved when the alternate is within 5 points. Fibonacci: the nearest confluence zone of Fibonacci relationships and the distance to it (inside, or within 3%, counts as at a zone). Regime: price against its 50- and 200-day averages. Momentum: 3-month return and its lead over SPY (strong when both are positive and the lead is over 5 points; weak when both are negative). Risk: 20-day volatility against the 1-year level (elevated above 1.25×), and the 1-year drawdown and beta to SPY.

Structure at a glance

Daily chart, as of Oct 16, 2026

Since the count's last pivot (79.11, Oct 1, 2026) price has moved +3.7%, the way the count expects.12 of 12 rule-valid counts expect the current move to be up.Weekly count: ending diagonal wave 3 ↑, same direction

Preferred count

Impulse up · wave 5 ↑

Price is in wave 5 of a five-wave advance (impulse).

1-2-3-4 from 64.40, Aug 1, 2025

Pattern Confidence67Medium

6 of 8 checks met

Key levels, preferred count

Invalidation−5.8% from close

77.22

Price below this level breaks the count.

Target, wave 5+6.4% from close

87.25

Wave 5 channel (line 2–4 through 3)

Nearest confluence zone+3.6% from close

84.62–85.27

5 Fibonacci relationships meet here.

Alternate count

Ending diagonal up · wave 3 ↑

Price is in wave 3 of a five-wave advance (ending diagonal).

1-2 from 55.51, Apr 7, 2025

Pattern Confidence60Medium

1 of 1 checks met

Why this count is preferred · 6 met, 2 not met

Met

Wave 2 retraces 50% to 85.4% of wave 1
Wave 4 retraces 14.6% to 38.2% of wave 3, and no more than 50%
Waves 2 and 4 alternate: one sharp and deep, the other shallow or sideways
Wave 3 moves faster (price per bar) than waves 1 and 5
Wave 3 has the heaviest average volume of the actionary waves
Waves 2 and 4 alternate in time too: the shallower correction takes at least as long

Not met

Wave 3 measures 161.8% or more of wave 1
The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)

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.

What changed

Structural events, most recent first

Oct 16, 2026New leading countNew leading count: Impulse w5 ↑ (confidence 67).
Oct 16, 2026Trend changedTrend moved from uptrend to mixed.
Oct 16, 2026Count droppedZigzag complete ↓ is no longer among the leading counts; now Impulse w5 ↑.
Oct 16, 2026Daily/weekly alignmentDaily and weekly counts now both point up.
Oct 16, 2026Swing confirmedA new intermediate swing low was confirmed.
Oct 16, 2026New Fib zoneA new Fibonacci confluence zone formed near 86.08.
Oct 15, 2026Trend changedTrend moved from mixed to uptrend.
Oct 13, 2026New Fib zoneA new Fibonacci confluence zone formed near 84.94.
Oct 9, 2026New Fib zoneA new Fibonacci confluence zone formed near 82.2.
Oct 8, 2026New Fib zoneA new Fibonacci confluence zone formed near 84.79.
Oct 6, 2026New Fib zoneA new Fibonacci confluence zone formed near 84.78.
Oct 5, 2026New Fib zoneA new Fibonacci confluence zone formed near 82.2.

Last swing high

84.06

Aug 13, 2026

Last swing low

79.11

Oct 1, 2026

Elliott Wave

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.

MethodPrice versus its 50- and 200-day averages: above both with the 50 above the 200 is an uptrend, below both with the 50 below the 200 is a downtrend, anything else is mixed. Swings: adaptive ZigZag on daily bars, pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1.