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.
I expected SPX at these values however didn't like the strength of this movement. The bears need a good sell off to validate my primary count however the bulls gain strength (again) when did the test of the short time trendline.
So SPX still inside the lateralization area and the both counts (primary and alternative at medium term) are also still valid.
Another day and finally one clear pattern at short term. Despite this, the counts at medium term are still choppy.
My primary count still possible but the time action don't help this scenario. However today had only time to show this potential scenario. The alternative count at medium term still also valid and began to gain some points.
Tomorrow wil be an important day (again) to clearify the waves labeling since last weeks lows.
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