What Does a Fractal Look Like?
What Does a Fractal Look Like? And What Does It Have to Do with the Stock Market? By Elliott Wave International Although Ralph N. Elliott came to his conclusions 50 years before the new science of fractals blossomed, he took a step that current observers of natural processes have yet to take. He explained not only that the progress of the market was fractal in nature but discovered and described the component patterns. Find out more about the stock market and fractals in this excerpt. Read more.
Some trendlines that I will follow.Some options to keep in mind:
a) Irregular abc at wave ii of C;
b) Triangle at wave ii of C;
c) Bearish wedge at wave C.
As I follow my big picture this decline will be wave ii of C. Below the 1085 (cash) this count will be in danger. Until that I prefer count as I show at chart.
P.S. Another day (only afternoon) without internet connection and trading :(.