It highlights a potentially significant high or low. Some examples of classic fractal patterns with five bars are shown in the image below:Īs you can see from the image above, a fractal is like a mini-reversal. An initiating fractal must have a middle bar that has a higher high or lower low, compared with the two preceding bars, and the two following bars. Williams stated that a fractal pattern on a bar chart was made up of a minimum of five consecutive bars. In short, recognising the behavioural fractal pattern of the overall mass of traders offers a way to potentially profit from the market. If trades are the results of a behavioural fractal, Williams reasoned, then the aggregate behaviour also follows a fractal pattern. Williams argued that the Elliott Wave was the underlying structure of the market, and that the structure of the Elliott wave is fractal. It follows, therefore, that there is ultimately a non-random structure to the whole that we can fathom. The fractal theory, as propounded by well-known trader and analyst Bill Williams, suggests that this complexity is built up from self-similar patterns of trader behaviour. When we look at price movements in the market as a whole, it is clearly very complex, and it also appears to be random. Well, we can draw some kind of analogy between fractals and the behaviour of the financial markets. How does this apply to the financial markets though? They are self-similar, in that if you look at a small section of the pattern, it is no different to a much larger section of the pattern, or even the whole. Fractal patterns are recursive because no matter how complex the whole, it is built from many repetitions of the same process. These exhibit the properties of being recursive and self-similar. In nature, we see fractal patterns in the growth of crystals, the branching of twigs on trees, and the structure of snowflakes, to name just a few. These patterns are known as fractal patterns, and the Forex fractal indicator is the tool that identifies them.Ī fractal pattern is a repeating pattern in which the same configuration occurs throughout the structure, on a variety of different scales. This article is going to explore a relatively new way of recognising price patterns, discussing an indicator that instantly flags up the patterns on a chart for you. We do not collect royalties and you are not obliged to share your revenue with us.Traders are always aiming to integrate new techniques into their market analysis in order to get an edge.
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