What's a fractal? It's a pattern or form that repeats, but not exactly in same time frame or proportion, but always similar in dimensions.
Take a look at this graph: Do you see a pattern that repeats? A FRACTAL? Step back and discern for a while. I'll admit it took me years to learn this and am still learning how to identify patterns. But, why not start now for the beginners?
Here it is:
Double the cup and handle formation, more bullish confirmations!
I hope you profit mightily using my TA to augment your own DD!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Thanks for sharing
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Oh Forex! I give you my upvote for explaining fractal. But... I think if there was a handle #1, and it was supposed to go up right after, and it did not go up. The second answer: the target is valid.... (if there is NO contrary fundamentals (or news that will make it go down) not the time frame. It is like saying: "It is going up, but whenever it wants to go up." I think Chinese Neo was a great distraction (news) that made traders look to a different coin. Of course, forex has two tendencies: up or down, and a resistence and support law. But the main question is how long will it take to go up again to that same level (above $1,000)? I have the feeling (I am not a forex expert like you) it will be from December to April, if it gets there.
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Good thoughts on fundamentals. My experience has been that time and again, an event or a reason will arrive to justify the forecast.
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Thats a pretty steep upward angle!
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Wow, the Auditor...very fitting!
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I know, ran out of graph space! The target is valid just not the time frame. I'll make up the time frame by putting out regular updates on XMR.
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Fractals are in every feedback process. Fib numbers, golden ratio etc. have the same fractal core. Do you know some serious TA book or school based on fractal teory?
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Hi learned my fractal spotting from this guy who's very very good...a Master!
http://www.elliottfractals.com/
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Will you adjust your ladder sell points higher?
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For Bitcoin? No. Once the rungs in the ladders are executed, I wait and assess for the Wave IV correction.
For Bitcoin Cash? No
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OK. Thanks again for the tip!
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Beep beep. Hi @summertooth!
You have used tip! in your comment - that`s my magic word for sending tips ;)
Click here if you wish to learn more!
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good - resteem
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