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5 Waves Up

 
Europe

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 European exchanges 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 European exchanges, with no price or liquidity filter.

Screening formula:
exch(xetra,bme,mil,par,ams) 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
 ESUG.MI 
WisdomTree Hedged Commodity Securities Ltd WisdomTree Sugar EUR Daily Hedged
Asset Management
Financial Services
MIL
Micro
 0.4236  4.08  -0.07 -1.69 24
 KOG.DE 
Kroger Co
Grocery Stores
Consumer Defensive
XETRA
Large
 30,445  54.52  0.63 1.17 1
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