Confirmations required
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of 5 · 1–5
How many of the five confirmations (sector, timing, Elliott Wave, volume, reward:risk) a stock must clear on top of the core gates.
⚠ At 5 this becomes the old all-gates funnel, whose compound pass rate measured 0.0012% — effectively zero recommendations. At 2 a name can fail both reward:risk and volume and still qualify.
Momentum floor (MBS)
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· 0–40
Minimum momentum-breakout score for the timing confirmation. 22 is 'Building', 28 is breakout grade.
Momentum may hold flat above
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· 0–45
At or above this score, momentum holding steady week-on-week passes the timing gate. Below it, momentum must still be improving. Without this a stock pinned at maximum momentum could never qualify.
Maximum extension
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ATR · 1–10
How far above its 40-week EMA a stock may sit and still pass the timing gate, measured in weekly ATRs. This is the anti-chase rule.
Elliott Wave degrees aligned
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of 3 · 0–3
How many of the three wave degrees (monthly, weekly, daily) must read as a bullish impulse.
Minimum buy grade
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· 0–5
Breakout buy-grade score floor. 3 corresponds to 'Buy' and above.
Volume expansion
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× · 0.5–3.0
Four-week average volume as a multiple of the 20-week average. Skipped for ETFs, whose on-exchange volume is distorted by creation and redemption.
Minimum reward:risk
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× · 0.5–5.0
Distance to the wave target over distance to the stop. A 13-month backtest found this threshold sits almost exactly where forward returns change sign.
Sector RS bottom band
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th pctile · 0–90
The sector confirmation fails when a stock's NSE sector index ranks below this percentile. Stocks outside any sector index pass it.