Idea is based upon Elliott wave theory supported by Median line analysis. Fibonacci extension ratio confluence is used for reversal price projection. RSI and Stochastics are utilized for wave recognition. Chart contains typo: "2 consecutive weeks" should be 4 consecutive weeks!. More info on the chart. Good luck
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.