What indicators does the Wave 3 Entry strategy use?

The Wave 3 Entry strategy uses the following indicators: Elliott Wave Count, Fibonacci Extensions, MACD. These can be configured directly in AlgoBars AlgoBuilder.

What timeframe works best for Wave 3 Entry?

The Wave 3 Entry strategy is best traded on the 4H–Daily timeframe. This can be adjusted based on your trading style and market conditions.

🌊 ELLIOTT WAVE · STRATEGY TEMPLATE

Wave 3
Entry

Capture the most powerful wave in Elliott structure. Wave 3 is typically the longest and strongest impulse wave.

Elliott Wave4H–Daily3:1 R:R

Deploy This Strategy See Rules

Rules & Configuration

The full rule set, required indicators, suggested configuration, execution flow, and performance parameters for the Wave 3 Entry setup.

Capture the most powerful wave in Elliott structure. Wave 3 is typically the longest and strongest impulse wave.

Indicators Used

Elliott Wave CountFibonacci ExtensionsMACD

Rules

📈 Wave 3 Entry

Identify completed Wave 1 and Wave 2
Wave 2 retraces 50-78.6% of Wave 1
Enter on break above Wave 1 high
Target 1.618 extension of Wave 1

💡 Pro Tip

Wave 3 cannot be the shortest wave. If your Wave 3 target would make it shorter than Wave 1, reassess your count.

Wave 3 Entry

Rules & Configuration

More Elliott Wave Strategies

Wave 3
Entry