# Materials (XLB) — Elliott Wave count, Nov 6, 2026

Materials (XLB) Elliott Wave count at the Nov 6, 2026 close (price 51.95): the called count is primary 5 of the cycle five, intermediate (5) from $47.81, minor 4 live (minute c). It is invalid below 46.43. On the daily chart, minor 4 of (5) down from $54.63 (2026-11-05), in progress, targeting 50.89 (invalid above 54.63).

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

## Called count
Primary 5 of a cycle five from 2009. Invalid below 46.43.

What comes next: minor 4 toward $50.89 above $49.97, minor 5 through $54.63 to the (5) zone $55.42-60.72, then primary 5 toward $68.53-80.69 inside a $89.56 ceiling.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Primary ↑ | primary 5 of the cycle five up from $36.56 (2025-04), in progress | 68.53–80.69 | 36.56 | 2027-02-01 → 2039-07-19 |
| Weekly | Intermediate ↑ | intermediate (5) of primary 5 up from $47.81 (2026-10-01), in progress | 55.42–60.72 | 47.81 | 2026-11-01 → 2028-01-16 |
| Daily | Minor ↓ | minor 4 of (5) down from $54.63 (2026-11-05), in progress | 50.89 | 54.63 | 2026-11-06 → 2026-12-20 |
| Hourly | Minute ↓ | minute c of minor 4 down from $52.535 (2026-11-06 11:45 EST), in progress (low so far $51.89) | 49.57 | 52.54 | 2026-11-06 → 2026-11-08 |
| 15-minute | Minuette ↓ | minuette (iii) of minute c down from $52.35 (2026-11-06 13:30 EST), in progress (low so far $51.89 at 15:45) | 51.42–51.77 | 52.35 | — |


## Recent changes to the call
- 2026-10-16: new — primary 5 of the cycle five, intermediate (5) from $47.81

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