Fake Breakout Detection: The script identifies when the price closes below a trendline, then quickly re-enters above it (fake breakout).
Elliott Wave Impulsive Wave: The strategy assumes the second impulsive wave is underway once the price reaches the 61.8% Fibonacci retracement level.
Elliott Wave Impulsive Wave: The strategy assumes the second impulsive wave is underway once the price reaches the 61.8% Fibonacci retracement level.
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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.
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.