Idea is a based on a combination of elliot wave theory and median line analysis. The reasoning behind this technical analysis is a basic count of elliot waves combined with a longer term slope (please zoom out to see it). On the chart you will have concrete target and stop loss. Why I think wave i is about to end: price is sitting right against a top of a schiff pitchfork which I chose not draw on the chart to reduce clutter. Please check out the comments section!!. For those of you who will repeat the count of all the subdivided waves ---> RESPECT.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.