# SAP (SAP) — Elliott Wave count, Nov 6, 2026

SAP (SAP) Elliott Wave count at the Nov 6, 2026 close (price 233.45): the called count is cycle V under way from $144.97. It is invalid below 144.97. On the daily chart, intermediate (3) of primary 3 up from $221.86, targeting 250.66 (invalid below 221.86).

Source: https://elliottwaveatlas.com/markets/sap · Data: https://elliottwaveatlas.com/data/markets/sap.json

## Called count
Cycle IV ended at $144.97. Invalid below 144.97.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↑ | cycle V up from $144.97 (Jul 2026), in progress | 439.98–873.91 | 144.97 | 2026-11-17 → 2053-08-05 |
| Weekly | Primary ↑ | primary 3 of V up from $203.17 | 312.92–408.65 | 203.17 | 2026-11-09 → 2026-12-04 |
| Daily | Intermediate ↑ | intermediate (3) of primary 3 up from $221.86 | 250.66–270.29 | 221.86 | 2026-11-14 → 2026-11-14 |
| Hourly | Minor ↑ | minor 3 of (3) up from $227.10 | 248.8–263.22 | 227.11 | 2026-11-07 → 2026-11-22 |
| 15-minute | Minute ↓ | minute ii of minor 3 down from $245.23, in progress | 230.87 | 245.23 | 2026-11-07 → 2026-11-08 |


## Recent changes to the call
- 2026-10-16: new — cycle V under way from $144.97

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