Rheinmetall, SAP, Novo Nordisk and LINK: dated Elliott checks

Record the instrument, source and point selection first

RHM.DE and SAP.DE here mean Xetra shares quoted in EUR; NOVO-B.CO is the Copenhagen B share quoted in DKK. Do not mix US ADRs, other German venues or CFDs into these point sequences. Equity O/H/L and Close come from the linked Yahoo historical tables; the separate dividend-adjusted Adj Close column is not used. Equity dates are trading-session dates at the respective venue.

LINKUSDT is Bybit Spot, measured in USDT per LINK, with daily bars beginning at 00:00 UTC. The saved response contains 60 daily bars through 14 April 2023, rather than a perpetual or LINK/EUR series. Tables show selected bars, not a continuous time series. P0–P5 are explicitly retrospective test references, not program detections or signals available at the time. Save the full window and smaller intervals before attempting a complete count.

Rheinmetall: price checks pass while completion remains open

The falling candidate uses 1665.50 → 1509.00 → 1656.00 → 1427.00 → 1500.00 → 1365.00 EUR. Proposed waves 1, 3 and 5 measure 156.50, 229.00 and 135.00. The second-wave high 1656.00 remains below the origin 1665.50. Wave 3 moves below 1509.00 and is not shortest; wave 4 at 1500.00 remains below the end of wave 1 at 1509.00, outside its price territory.

The second retracement is 147/156.5 = 93.93%; the fourth is 73/229 = 31.88%. These measure this candidate rather than mandatory Fibonacci targets. Price checks alone do not establish the required internal structures. The 30 March low of 1336.50 already falls below P5? = 1365.00. A final-completion claim for 27 March therefore needs a new review. P5 remains testable, and a later relabelling must preserve the original cutoff record. Whether 27 March nevertheless ended a smaller completed structure needs separate subdivision evidence; the new low alone does not settle that question.

• Yahoo Finance · RHM.DE · EUR

SAP: three price reasons to reject an ordinary upward impulse

The selected sequence is 178.88 → 190.26 → 183.92 → 190.22 → 183.76 → 192.58 EUR. Treat it as a hypothesis to test. The proposed third endpoint 190.22 does not exceed the first high 190.26. The low assigned to wave 4, 183.76, lies inside wave 1 territory of 178.88–190.26. Those two observations already conflict with an ordinary upward impulse.

In addition, movements 1, 3 and 5 measure 11.38, 6.30 and 8.82: the third would be shortest. The later higher price of 192.58 does not repair these failures. Rejecting this particular impulse does not confirm a diagonal or ABC correction. Another interpretation needs its own boundaries, internal subdivisions and larger context checked against the same source data.

• Yahoo Finance · SAP.DE · EUR

Novo Nordisk: separate the gap from the retracement

The gap from the 3 February close of 367.80 to the 4 February 2026 open of 302.00 is −65.80 DKK, or −17.89%. Do not connect them with invented transactions inside the unobserved interval. The 4 February daily bar also does not reveal the order of its high at 314.50 and low at 296.00.

The fall from the 3 February high of 376.55 to the 5 February low of 272.90 measures 103.65 DKK. The 9 February high of 321.95 recovers 49.05, or 47.32%. That is neither exactly 50% nor proof of wave 2 or B: both remain hypotheses without subdivisions and larger position. Here 376.55 is the origin boundary of a proposed falling first wave; a move below 272.90 alone would still not prove wave 3. Substituting a EUR or USD series changes this DKK test.

• Yahoo Finance · NOVO-B.CO · DKK

Chainlink: a new high does not repair overlap

The selected Bybit Spot extremes from 10 March to 14 April 2023 are 5.8910 → 7.1986 → 6.3871 → 7.7151 → 6.7456 → 7.9063 USDT. Some outer checks for an ordinary upward impulse pass: point 2 stays above the origin, point 3 exceeds 7.1986, and the third movement at 1.3280 is not shortest against 1.3076 and 1.1607.

The decisive contradiction is P4? = 6.7456 inside wave 1 territory of 5.8910–7.1986. The pullback from 7.7151 measures 0.9695/1.3280 = 73.00% of the third movement. A frequently quoted retracement zone or the later high of 7.9063 does not override the overlap rule. Reject this ordinary impulse candidate. A diagonal requires its own position and subdivision checks. Another venue or derivative contract would require a new source-data comparison.

• Bybit Kline

Sources and limits

• Yahoo Finance · RHM.DE
• Yahoo Finance · SAP.DE
• Yahoo Finance · NOVO-B.CO
• Bybit · Kline