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

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.

Elliott Wave CountFibonacci ExtensionsMACD
📈 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.

Common questions

What is the Wave 3 Entry strategy?

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

What's the pro tip for trading Wave 3 Entry?

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

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.

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