Wave 3 is usually the longest and strongest wave of an Elliott impulse, so its start is one of the most watched entry points. This screen lists stocks on the London Stock Exchange where wave 1 has risen from at least a 64-bar low, wave 2 has pulled back without falling below the start of wave 1, the wave 2 low was set within the last 7 bars, and the price has turned up from it while wave 3 has not formed a peak yet. Closing prices are used, and swing points are confirmed by 7 bars on each side. The count is invalid if the price falls below the start of wave 1, which traders often use as the stop level; a common wave 3 target is 1.618 times the length of wave 1, measured from the wave 2 low. Because these signals are rare, the list includes all stocks on the London Stock Exchange, with no price or liquidity filter.
