PTI

PTI is a proprietary indicator designed to help identify if “normal” profit taking is going on in a major Wave 4 pullback. Wave 4 corrections are “profit taking” sequences. A Wave 4 pullback is considered a higher probability trade setup because if the Wave 4 pullback maintains control, it will lead most often to a major Wave Five completion of that five wave sequence. The key is the profit-taking must be “normal” and the PTI is one important indicator that helps gauge that Wave 4 profit-taking action.