PLTY

YieldMax PLTR Option Income Strategy ETF

NYSE Arca · ETF

34.52

−2.71 (−7.28%)

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.

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

FibonacciAt a zoneNearest confluence 33.45–33.62 (5 relationships), −2.8% from the close.

MomentumStrong3 months +10.9% (ahead of SPY by 8.0 points); 6 months −7.1%.

RegimeDowntrend−6.4% vs the 50-day average, −6.8% vs the 200-day.

RiskNormal20-day volatility 36% vs 53% over the year; 1-year drawdown −60.8%; beta 1.76.

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

Current structure

Price, swings and the preferred count on the chart

PLTY · 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, 39.59 on Oct 12, 2026. 168 labelings tested, 126 broke a hard rule, 12+ remain.

Hard-rule evidence: why 126 labelings were eliminated

63Wave 2 always retraces less than 100% of wave 1
20Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end
15Wave 3 always travels beyond the end of wave 1
9Wave 4 always retraces less than 100% of wave 3
7Wave B ends short of the start of wave A (a zigzag is a sharp correction)
5Wave 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 34.52

34.52close

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

33.45 – 33.62−2.8% from the close

5 relationships · strength 7 · Intermediate, Minor degrees

33.62ProjectionWave C = 100% of wave A · Intermediate · Essentials
33.56Prior 4thCorrection ends near the end of wave 4 · Intermediate · Essentials
33.56RetracementMove after the correction retraces 100% of A–C · Minor · Viridia · secondary ratio
33.55RetracementWave 4 retraces 50% of wave 3 · Intermediate · EWF · secondary ratio
33.45ChannelWave 4 channel (line 1–3 through 2) · Intermediate · EWP · 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

No scenario at intermediate degree right now

The target is closer than the stop (reward:risk 0.19 : 1): most of the count's expected move has already happened, so it isn't a setup. Viridia shows nothing rather than a guess.

Setups at other degrees:

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: 508 since Oct 8, 2024
Avg volume, 50 days: 217.8K
Dollar volume, 20 days: $5.1M
SEC CIK: Not matched
Provider symbols: nasdaqtrader: PLTY · massive: PLTY
Listing changes: None since Sep 24, 2026

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 21, 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 (39.59, Oct 12, 2026) price has moved −12.8%, the way the count expects.12 of 12 rule-valid counts expect the current move to be down.Weekly count: zigzag complete ↑, opposite direction

Close call.The top two counts are within 4 points. Treat the structure as unresolved until one is invalidated.

Preferred count

Impulse up · complete, next move down ↓

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

1-2-3-4-5 from 26.06, Jun 25, 2026

Pattern Confidence71High

10 of 13 checks met

Key levels, preferred count

Reassess+14.7% from close

39.59

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

Target, next move−2.8% from close

33.56

Correction ends near the end of wave 4

Nearest confluence zone−2.8% from close

33.45–33.62

5 Fibonacci relationships meet here.

Alternate count

Impulse up · wave 4 ↓

Price is in wave 4 of a five-wave advance (impulse).

1-2-3 from 26.06, Jun 25, 2026

Pattern Confidence67Medium

4 of 5 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
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)
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
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%
Waves 2 and 4 alternate: one sharp and deep, the other shallow or sideways
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