# Communications (XLC) — Elliott Wave count, Nov 6, 2026

Communications (XLC) Elliott Wave count at the Nov 6, 2026 close (price 104.79): the called count is cycle IV double three, primary Y live. It is invalid above 120.4. On the daily chart, intermediate (c) of primary Y down from $113.17, in progress, targeting 98.55 (invalid above 113.17).

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

## Called count
Cycle IV is still unfolding as a larger complex correction (double three W-X-Y). Invalid above 120.4.

What comes next: minute iii of minor 5 toward $101.34, minor 5 toward $99.25, (c) toward $98.55, Y toward $92.69, cycle IV toward $95.38, then cycle V.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↓ | cycle IV down from $120.40, in progress | 95.38 | 120.4 | 2026-10-22 → 2031-05-08 |
| Weekly | Primary ↓ | primary Y of cycle IV down from $115.61, in progress | 92.69 | 115.61 | 2026-11-15 → 2027-05-11 |
| Daily | Intermediate ↓ | intermediate (c) of primary Y down from $113.17, in progress | 98.55 | 113.17 | 2026-11-01 → 2026-11-01 |
| Hourly | Minor ↓ | minor 5 of intermediate (c) down from $107.59, in progress | 99.25 | 107.59 | 2026-11-05 → 2026-11-28 |
| 15-minute | Minute ↓ | minute iii of minor 5 down from $105.65, in progress | 101.34 | 105.65 | 2026-11-06 → 2026-11-08 |


## Recent changes to the call
- 2026-10-19: invalidated — cycle IV double three, primary Y live
- 2026-10-16: new — cycle IV triangle complete, cycle V under way

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