Elliott Wave 3 (bullish) Pattern — what it is and how to read it

Bullish pattern Classic and harmonic chart patterns

From the decline's last low (0) a first advance (wave 1), then a wave 2 that retraces 30-85% of it without breaking the low. Wave 3, the strongest wave, is considered to start with a close above the wave-1 high. Elliott counting is subjective — only a measurable rule is used here.

How to read it

A bullish structure is only a candidate until its trigger (neckline / breakout level) is broken. StockFortuna draws the ▲ marker only on a green candle that closes above the trigger — a description of what the chart did, not a recommendation.

BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)

Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.

FAQ

What is the Elliott Wave 3 (bullish) Pattern?

From the decline's last low (0) a first advance (wave 1), then a wave 2 that retraces 30-85% of it without breaking the low. Wave 3, the strongest wave, is considered to start with a close above the wave-1 high. Elliott counting is subjective — only a measurable rule is used here.

Is the Elliott Wave 3 (bullish) Pattern bullish or bearish?

It is a bullish (upside) pattern.

When is it marked on the chart?

Only when a green candle closes above the trigger (neckline / breakout level); the ▲ marker describes what the chart did, it is not a recommendation.

Has it been backtested?

⚪ Not backtested (added 9 Sep 2026) — information on the chart only; it does not enter the buying system.

How can I see the Elliott Wave 3 (bullish) Pattern on a live chart?

Open StockFortuna → Markets → Chart Studio and pick it from the list; the pattern is detected automatically on real data.

Related

• QM (bullish)
• QM (bearish)
• Bullish Gartley
• Bullish AB=CD
• Double Bottom
• Double Top
• Inverse Head and Shoulders (bullish)
• Head and Shoulders (bearish)
• 1-2-3 Reversal
• Cup and Handle
• Bullish Bat
• Bullish Butterfly

For information and education only — not investment advice.