Every trader and investor is on the hunt for opportunities. Problem is, how to narrow down the choices? After a few months – and some stellar moves like Rocket Lab, Krystal Biotech and Crinetics – the EWAVES market screener called Wave Finder changed how EWI’s Head of Flash Services, Vadim Pokhlebkin, searches for – and finds – new market setups.
You’ve been opportunity-hunting a long time. Where does Wave Finder fit in for you?
Vadim Pokhlebkin: Over the years, I’ve used many screening tools that traders use – earnings, volume, moving averages – pick one. They all do the same basic job: Take a giant universe of markets and narrow it down to a smaller batch based on your inputs. And generally, they do a good job. But Wave Finder is unique on two fronts. The first one I expected – it scans markets based on their Elliott wave count. That alone makes it special; no other screener in the world does that. But the second front was an added, unexpected and pleasant surprise – some of its finds have been extraordinary.
Tell me how it works.
VP: Most screeners filter based on more superficial markers — a price level, a volume spike, a moving average cross. Wave Finder screens deeper because it focuses on structure: where a market sits inside its Elliott wave pattern. EWAVES labels thousands of markets (around 8300 markets as of right now) with their Elliott wave counts, and Wave Finder lets me pull out just the ones sitting at a meaningful juncture — for example, a correction that’s ending, a fifth wave that’s just beginning. Looking at the Elliott wave footprint of the market psychology asks – and answers – a completely different question. That’s why it tends to put us in front of moves right as they’re about to begin, or have just begun, instead of after they’ve already run.
You said “extraordinary.” Give us some examples.
VP: Examples from just the last few months:
- Rocket Lab (RKLB) was Wave Finder’s #1 Breakout from Correction candidate. And it literally took off like a rocket. It went from about $54 to $70 in twelve trading hours.
- Krystal Biotech (KRYS) topped the Turbo Fifth scan last year on November 11th with a 91% Elliotticity score — the cleanest structure on the whole list that day. It ran from 203 to 295, a 45% rally.
- And Wave Finder spots setups in both directions. Bluejay Diagnostics (BJDX) showed up on that same Turbo Fifth scan for a fifth wave down — and it dropped roughly 20% in under a week.
And then just the other day, Wave Finder turns up Crinetics?
VP: Crinetics (CRNX) came through the Breakout from Correction scan on July 2, when it was trading around $42 — Wave Finder and EWAVES had it pegged right at the start of a wave C higher. Who knew the stock was in play? A couple of days later, another pharmaceutical company announces they are acquiring CRNX at $85 a share and the stock doubles! EWAVES and Wave Finder didn’t know anything about any of that – but they knew enough to put the stock near the top of a buy list – I’ll take it. And sure, luck always plays a role, except, like I said, it’s not the only example when Wave Finder flagged a market before a big move.
I could use one of those!
VP: Yeah, they’re nice when they come along, that’s for sure. Of course, much more often, you’re just grinding it out. Some move big, some barely move, some rotate off the list the very next day. That’s just normal market behavior. What Wave Finder does is make sure the handful I’m studying each morning are genuinely high-quality structures instead of noise. From there I still do my own work — I run the best candidates through Dick Diamond’s 80/20 momentum indicators before I alert our Flash subscribers. The screener finds the setup; discipline decides if we actually send out an alert.
Bottom line?
VP: For an Elliott wave trader or investor, this is the first of its kind screener that looks at markets the way us Elliott wavers do — by price structure, by where the wave pattern says a move is about to start and how far it might carry. It hands me a short list of markets sitting at a real turning point, and every so often, one of them turns into a Rocket Lab or a CRNX. That’s a good tool to have.
Thanks Vadim, talk to you again soon.
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Vadim Pokhlebkin Head of Flash Services
When you grow up in a country where loyalty is rewarded above competence, where private property is illegal, and the black market is where you buy your next pair of jeans … it mis-shapes your assumptions of how the world works – especially how the economy and financial markets should work. Vadim grew up in such a place: the former Soviet Union. So when he arrived in America at the age of 21, he immersed himself in learning Western business practices. He earned his degree in business from Bryan College; shortly afterward, he encountered the Elliott Wave Principle and the unique role collective psychology plays in freely-traded markets. He joined Elliott Wave International in 2001. Over the years Vadim has worn many hats, most recently as the host of EWI’s live course “Trade Small, Win Often: The Dick Diamond Method of Trading for a Living.” As the Head of EWI’s Flash Services Vadim uses EWAVES, a proprietary pattern-recognition software, to identify high-confidence opportunities in stocks, ETFs and futures markets.
