YMAG

YieldMax Magnificent 7 Fund of Option Income ETFs

NYSE Arca · ETF

11.04

−0.19 (−1.69%)

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.

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

FibonacciZone aboveNearest confluence 11.93–11.99 (5 relationships), +8.3% from the close.

MomentumWeak3 months −5.1% (behind SPY by 7.9 points); 6 months −15.2%.

RegimeDowntrend−2.4% vs the 50-day average, −10.0% vs the 200-day.

RiskNear a key level20-day volatility 18% vs 19% over the year; 1-year drawdown −31.4%; beta 1.15; price within 3% of the count's reassess level.

YMAG setup history

Current structure

Price, swings and the preferred count on the chart

YMAG · 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, 10.73 on Jul 29, 2026. 292 labelings tested, 190 broke a hard rule, 12+ remain.

Hard-rule evidence: why 190 labelings were eliminated

81Wave 2 always retraces less than 100% of wave 1
40Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end
28Contracting diagonal: wave 3 is shorter than wave 1, wave 5 shorter than wave 3, and wave 4 shorter than wave 2
15Wave B retraces at least 90% of wave A
9Price after the last labeled point has not crossed a rule-based invalidation level
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 11.04

11.04close

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

11.93 – 11.99+8.3% from the close

5 relationships · strength 9 · Primary, Intermediate degrees

11.99RetracementWave 4 retraces 23.6% of wave 3 · Primary · EWF · secondary ratio
11.97ProjectionWave C = 161.8% of wave A · Intermediate · Essentials · secondary ratio
11.95RetracementWave 4 retraces 50% of wave 3 · Primary · EWF · secondary ratio
11.94Prior 4thWave 4 near the prior fourth wave of lesser degree (2026-07-16) · Primary · Essentials
11.93ProjectionWave C = 123.6% of wave A · Intermediate · EWF · 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

11.04

Latest close

Invalidation−2.8% from close

10.73

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

Structural target+8.2% from close

11.94

End of wave 4: corrections tend to end near it

Reward : risk

2.9 : 1

Invalidation 2.8% from the reference level · 1.8 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.

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: 975.6K
Dollar volume, 20 days: $11.6M
SEC CIK: Not matched
Provider symbols: nasdaqtrader: YMAG · massive: YMAG
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 (10.73, Jul 29, 2026) price has moved +2.9%, the way the count expects.12 of 12 rule-valid counts expect the current move to be up.Weekly count: ending diagonal wave 5 ↓, opposite direction

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 16.01, Sep 23, 2025

Pattern Confidence71High

10 of 13 checks met

Key levels, preferred count

Reassess−2.8% from close

10.73

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

Target, next move+8.2% from close

11.94

Correction ends near the end of wave 4

Nearest confluence zone+8.3% from close

11.93–11.99

5 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 13.18, May 14, 2026

Pattern Confidence60Medium

4 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
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
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)
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

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
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