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.
In my last update I sayed GBPUSD were doing a double zig zag. After one month seems the double zig zag already finished. As I expected at least one simple abc (in big picture) it's possible another zig zag for the downside. At short term this looks more a corrective pattern so I may will change the big picture very soon and turn it more bullish.
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