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5 Waves Up

 
UK

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 London 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 London Stock Exchange, with no price or liquidity filter.

Screening formula:
exch(lse) and type(stock) and elliott_5up(7, 128, 7)
 
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View:
Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume
 MNO.L 
Meridian Mining Plc
Other Industrial Metals & Mining
Basic Materials
LSE
Small
 594.52  123.50  1.5 1.23 506,123
 NBB.L 
Norman Broadbent Plc
Staffing & Employment Services
Industrials
LSE
Micro
 4.61  227.16  0 0 7,000
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