STORM: Can You See the Fractal?

SUMMARY

When I first started Chart Pattern analysis back in 1997; I had the most difficult time in discerning and "seeing" patterns; nevermind being able to identify fractals! But, I'm more oriented for abstract conceptualizations than memorization and that is why I often say the Chess and Poker players are much more amenable to Technical Analysis. Musicians, artists and writers..the abstract thinkers have a better ability to grasp conceptual visualizations. Still, practice is needed. To that end, here is an empty, unmarked chart...can you see the fractals?

The symmetrical triangles are quite uncanny (blue and white). The impulse waves prior to each is also quite similar. What else?

How about the purple rounded price formations? They certainly elevate the similarity index!

Now, let's bring in the MACD indicator. For me, it's always a culmination of pattern, Elliott Waves and Indicator. The MACD is displaying the fractal phenotype and the blue arrow shows the probable pathway that'll best support the wave 5 remaining. So, in a succinct example, this is some of my analysis process...I hope you find it helpful!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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