A map of structures, not a signal.The Structural Score measures how well a count follows the impulse rules and proportions; it is not a probability. In a candle-by-candle replay on about 2.7 million futures candles the average result after fees was close to zero and did not beat random entries with the same risk. Observation only: nothing is traded.How we measure
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Solid line: confirmed points. Dashed line: the running, not yet confirmed extreme.
Chart options and details
More: search, score filter, settings, rules
A pivot is confirmed only after a closed candle moves away from it by a multiple of ATR; the time of the extreme and the time of confirmation are stored separately.
Wave 2 never goes beyond the start of wave 1; wave 3 is never the shortest of 1, 3 and 5; wave 4 does not enter the territory of wave 1; wave 3 goes beyond the end of wave 1.
Replay and statistics: docs/ELLIOTT_BACKTEST.md in the repository. Entry at the next open, stop at the invalidation level, fee 0.08% per round trip.
Elliott Wave Scanner: how the waves are counted and what the history says
This scanner looks for five-wave impulse structures in the Binance USD-M futures candles the site already holds, on 15m, 1h, 4h and 1d. It does not draw a count in hindsight: a turning point is confirmed only when a closed candle has moved away from it by a multiple of the average true range (ATR), and the time of the extreme and the time it became known are stored separately. Points that are still moving are shown as provisional with a dashed line and are never mixed with confirmed ones.
The mandatory rules of a standard impulse are applied while a count is built, so impossible counts are discarded early: wave 2 never goes beyond the start of wave 1, wave 3 is never the shortest of waves 1, 3 and 5, wave 4 does not enter the territory of wave 1, and wave 3 goes beyond the end of wave 1. Fibonacci ratios are used only to score a structure, never as rules. Several valid counts can exist at once; the best one is the main scenario and the others are listed as alternatives.
Candidates for wave 3 and wave 5
When points 0, 1 and 2 are confirmed the scanner records a potential wave 3 and shows the invalidation level (the start of wave 1), the watch zone and the Fibonacci extension targets. When points 0 to 4 are confirmed it records a potential wave 5 in the same way. These are candidates for analysis, not orders. Every detection is written once to an append-only log; if the count is later cancelled, the original record stays and an invalidation event is added.
The Structural Score is not a probability
The 0 to 100 score is an explainable rule-and-proportion score: size of wave 1 against volatility, Fibonacci fit of the retracements, wave proportions, time proportions and alternation, minus a small penalty for competing counts. A high score means a tidy structure. It does not mean a high chance of profit.
We replayed the scanner candle by candle on about 2.7 million futures candles (30 symbols, 15m to 1d, entry at the next open, stop at the invalidation level, fee 0.08% per round trip, no parameter tuning). The average result after fees was close to zero and close to a random-time baseline with the same risk geometry, the score did not separate good outcomes from bad ones, and a higher-timeframe filter did not help. The full tables are in the repository documentation. Use this page as a map of structures to study.
Questions and answers
Is this a trading signal?
No. It lists structures that fit objective impulse rules and shows where each count would be wrong. Nothing is traded automatically and no probability of profit is given.
Why can a count disappear?
If price closes beyond the invalidation level or a better extreme forms, the count is cancelled. The original detection stays in the history so earlier readings can be reviewed.
Which markets and timeframes are scanned?
Binance USD-M futures held by the site, on 15m, 1h, 4h and 1d. Futures of stock indices, gold and other contracts are not scanned because we do not hold their futures data.
