Profit-Taking Index (PTI)
The exclusive Wave Four PTI can help forecast whether the market will complete an Elliott Wave 5, allowing you to spot only the best Elliott patterns. Historically, if the PTI is greater than 35 in a wave four, the market continues to make new highs in wave five. Conversely, a PTI of less than 35 indicates too much profit-taking and signals a double top or failed fifth in wave five.