Elliott 5 Waves (warning) Pattern — what it is and how to read it
Bearish pattern Classic and harmonic chart patterns
The five-wave advance meets all three rules (wave 2 did not fall below the start, wave 3 is not the shortest, wave 4 did not enter wave 1's territory) — the impulse looks complete; the classic expectation is an A-B-C correction. A close below the wave-4 low = the correction has begun; don't buy / review what you hold. This is NOT a buy signal.
How to read it
A bearish structure is only a candidate until its trigger breaks down. StockFortuna draws the ▼ marker only on a red candle that closes below the trigger — a description, not a recommendation.
BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)
| Stock | Pattern completed | Live chart |
|---|---|---|
| ALBRK | 09.09.2026 | open chart |
| BIMAS | 23.09.2026 | open chart |
| GUBRF | 09.09.2026 | open chart |
| KCHOL | 11.09.2026 | open chart |
| TKFEN | 25.09.2026 | open chart |
| TUPRS | 18.09.2026 | open chart |
| VAKBN | 11.09.2026 | open chart |
Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.
Try it on a live chart →FAQ
- What is the Elliott 5 Waves (warning) Pattern?
- The five-wave advance meets all three rules (wave 2 did not fall below the start, wave 3 is not the shortest, wave 4 did not enter wave 1's territory) — the impulse looks complete; the classic expectation is an A-B-C correction. A close below the wave-4 low = the correction has begun; don't buy / review what you hold. This is NOT a buy signal.
- Is the Elliott 5 Waves (warning) Pattern bullish or bearish?
- It is a bearish (downside) pattern.
- When is it marked on the chart?
- Only when a red candle closes below the trigger; 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 5 Waves (warning) 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.