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.
As expected, wheat still in his downtrend to complete 5 waves. On the big picture, the EW's suggest the formation of a triangle from the 2009 lows. However, recently wheat activated an H&S's. Thus, the bulls must be attention and use stops below the 2009 lows.
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