JEF

Jefferies Financial Group Inc.

NYSE · Common stock

44.80

−0.10 (−0.22%)

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

StructureContracting rangeIntermediate-degree swings on the daily chart.

WaveUnresolvedTriangle complete, next move down (Pattern Confidence 57); the weekly count agrees.

FibonacciZone belowNearest confluence 42.03–42.49 (4 relationships), −5.7% from the close.

MomentumWeak3 months −18.8% (behind SPY by 21.7 points); 6 months −6.8%.

RegimeDowntrend−10.5% vs the 50-day average, −13.4% vs the 200-day.

RiskNormal20-day volatility 23% vs 42% over the year; 1-year drawdown −45.6%; beta 1.67.

JEF setup history4 resolved: 1 reached target first

Current structure

Price, swings and the preferred count on the chart

JEF · 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 high, 56.14 on Sep 4, 2026. 20 labelings tested, 13 broke a hard rule, 7 remain.

Hard-rule evidence: why 13 labelings were eliminated

9Wave 3 always travels beyond the end of wave 1
2Wave B retraces at least 90% of wave A
2Price after the last labeled point has not crossed a rule-based invalidation level

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 44.80

44.80close

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

42.03 – 42.49−5.7% from the close

4 relationships · strength 4 · Primary, Minor degrees

42.49ProjectionWave C = 61.8% of wave A · Minor · Essentials · secondary ratio
42.16ProjectionWave C = 100% of wave A · Minor · Essentials
42.06ProjectionWave 5 = 61.8% of wave 1 · Minor · Essentials · secondary ratio
42.03ProjectionWave C = 61.8% of wave A · Primary · 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

The intermediate-degree scenario was held back

Its levels didn't pass Viridia's checks: invalidation over 25% away. It's listed for review instead of shown.

NoteResearch scenario generated from Viridia's structural model. Not a recommendation.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: 2.21M
Dollar volume, 20 days: $114.8M
SEC CIK: 0000096223
Provider symbols: nasdaqtrader: JEF · massive: JEF
Listing changes: None since Sep 24, 2026

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 20, 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 (56.14, Sep 4, 2026) price has moved −20.2%, the way the count expects.7 of 7 rule-valid counts expect the current move to be down.Weekly count: zigzag wave C ↓, same direction

Close call.The top two counts are within 0 points. Treat the structure as unresolved until one is invalidated.

Preferred count

Triangle up · complete, next move down ↓

A sideways triangle looks complete, so a thrust down would normally follow.

A-B-C-D-E from 35.53, Mar 12, 2026

Pattern Confidence57Low

2 of 3 checks met

Key levels, preferred count

Reassess+25.3% from close

56.14

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

Target, next move−38.2% from close

27.69

Thrust after the triangle ≈ width of wave A

Nearest confluence zone−5.7% from close

42.03–42.49

4 Fibonacci relationships meet here.

Alternate count

Zigzag down · wave C ↓

Price is in wave C of a three-wave zigzag correction down.

A-B from 57.84, Jul 28, 2026

Pattern Confidence57Low

2 of 3 checks met

Why this count is preferred · 2 met, 1 not met

Met

In a contracting triangle each leg is roughly 61.8% to 85.4% of the one before
The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)

Not met

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

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