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5 Waves Up

 
Canada

An Elliott Wave impulse is a trend move made of five waves: three advances (waves 1, 3 and 5) separated by two pullbacks (waves 2 and 4). This screen lists stocks on the Toronto Stock Exchange that have completed a 5-wave up impulse over the last 128 bars, with wave 5 ending within the last 7 bars and still the highest close since wave 4. The count follows the core Elliott rules on closing prices: wave 2 never falls below the start of wave 1, wave 4 stays above the top of wave 1, wave 3 is not the shortest of the three advancing waves, and wave 5 ends above wave 3. Wave 1 must start from at least a 64-bar low, swing points are confirmed by 7 bars on each side, and charts with a gap of more than 20% are skipped. A completed fifth wave often marks the late stage of a trend, so traders watch for an A-B-C correction next. Because these signals are rare, the list includes all stocks on the Toronto Stock Exchange, with no price or liquidity filter.

Screening formula:
exch(tsx) and type(stock) and elliott_5up(7, 128, 7)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume
 MNO.TO 
Meridian Mining Plc
Other Industrial Metals & Mining
Basic Materials
TSX
Small
 1,101.33  2.39  0.13 5.75 735,903
 PHX.TO 
PHX Energy Services Corp
Oil & Gas Drilling
Energy
TSX
Small
 573.39  12.72  0.19 1.52 119,004
 VLE.TO 
Valeura Energy Inc
Oil & Gas E&P
Energy
TSX
Small
 1,748.28  16.50  0.1 0.61 617,524
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