EWAVES is the most powerful Elliott-wave counting engine available today, built to identify and rank Elliott waves with speed and precision.
One of its standout features is the Wave Finder, a search engine that scans thousands of markets for unfolding wave patterns based on criteria you choose.
Wave Finder includes 10 ready-made setups—such as Breakout from Correction, Channeling Impulse, and the Turbo Fifth—that you can use immediately. Alternatively, you can build your own scans.
The Turbo Fifth scan is designed to zero in on developing 5th waves. Below are the core criteria it uses to find these opportunities::
- Unfolding fifth waves in large impulse patterns. By focusing on wave 5, EWAVES has the full context of waves 1–4, allowing it to measure channeling, proportion, and other factors that can’t be evaluated earlier in a trend.
- High “Elliotticity” in the long-term structure. It looks for a clear, well-formed wave-1–4 pattern, which increases the likelihood that wave 5 will push beyond the end of wave 3.
- High linearity in the short-term structure.Wave 5 should show strong directional movement, with small wave-2 and wave-4 pullbacks compared to the advancing subwaves 1, 3, and 5. While typical of third waves, some fifth waves display this trait—and those are the ones we want.
- Alternative counts eliminated early. Wave 5 must overlap wave A of 4 and break out of the channel around the subwaves of wave 4. These conditions rule out many alternative interpretations while still capturing wave 5 early in its development.
In practice, Turbo Fifth highlights the moment when a mature trend begins its final leg—often fast and sharp
BJDX: A Real-Time Example
Bluejay Diagnostics (BJDX) appeared on the Turbo Fifth scan on November 11, and the structure lined up cleanly with the criteria.
BJDX had already traced out four green-labeled waves of a downward impulse from the October 9 red wave-4 high at 4.17—a classic “fifth of a fifth” position. By November 11, the stock was sitting in a wave-4 retracement near 1.75, ready for a green wave 5 down to new lows.
On Nov 17, BJDX took out the wave 3 low as projected, trading below 1.39, a decline of roughly 20%.
Not every market on the Turbo Fifth list from November 11 delivered this magnitude of movement—some moved more, some less, and some rotated off the list entirely the next day. That variability is part of normal market behavior.
But from thousands of stocks, EWAVES Wave Finder highlights only those vehicles showing clear, high-quality Elliott-wave patterns that match well-defined criteria.
Instead of sifting through charts manually, you start each day with a focused list of markets exhibiting the setups you want to study or add to your watchlist.
Learn more about the other pre-built Wave Finder scans.
