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Strategy Library / Elliott Wave Blueprint

MNQ Elliott Wave Wave3 Breakout Short 3R - Gap Down

A public playbook for the MNQ Elliott Wave Wave3 Breakout Short 3R - Gap Down Strategy Lab published edge.

30 trades / 56.7% win / 3.09 profit factor / +49.73 avg pts.

MNQ New York 1m Chart Short Setup regime_dxy+gap_bucket=flat+gap_down_large 30 Trades
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Trades 30 Saved Strategy Lab published edge
Win Rate 56.7% Wins over resolved sample
Profit Factor 3.09 Gross win / gross loss
Total Points +1491.75 MNQ points captured
Avg Trade +49.73 Average points per signal
Annotated Setup Chart MNQ / 1m Chart / New York
Annotated MNQ Elliott Wave Wave3 Breakout Short 3R - Gap Down setup chart
Generated setup chart based on saved strategy anatomy and research stats, not a trade recommendation.
Research-backed Real stats Rule based Context filtered Live alert ready

What This Setup Is

An Elliott-style short continuation setup that uses a confirmed impulse, controlled retracement, and Wave 3 break.

Why It Fires

After the first impulse, a controlled retracement can set up the expansion leg. The Wave 3 break confirms short momentum is back in control.

Exact Trigger Checklist

  • Chart: MNQ 1-minute bars during the New York setup window.
  • Build the pattern before entry; do not label it after the move has already worked.
  • Required filter: regime_dxy+gap_bucket=flat+gap_down_large.
  • Short only after the trigger confirms and acceptance holds.
  • Use the tested 3R model and invalidate above the setup zone.

Good Conditions

  • The impulse and retracement are visible before the trade.
  • The retracement stays inside the tested structure window.
  • The break confirms continuation rather than late chase.
  • The filter bucket agrees with the wave direction.

Avoid Conditions

  • Wave labels only make sense after forcing them onto the chart.
  • The retracement fully invalidates the first impulse.
  • The trigger fires after the expansion leg is already stretched.
  • The market is chopping through overlapping pivots.

Setup Anatomy

Bearish wave sequence chart anatomy for Impulse Step 01
1 Impulse Mark the first confirmed downside impulse.
Bearish retest and rejection chart anatomy for Retrace Step 02
2 Retrace Wait for a controlled pullback against the impulse.
Bearish channel breakdown chart anatomy for Wave 3 Break Step 03
3 Wave 3 Break Short only when the Wave 3 break confirms.
Alert Readout

Tier 1: MNQ Elliott Wave Wave3 Breakout Short 3R - Gap Down. An Elliott-style short continuation setup that uses a confirmed impulse, controlled retracement, and Wave 3 break. Filter: regime_dxy+gap_bucket=flat+gap_down_large. Research sample: 30 trades, 56.7% win, 3.09 PF, +49.73 avg pts.