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.
No have time for more but want to show possible patterns on SPX and DAX.
1st chart SPX - possible H&S underway (bearish);
2nd chart SPX - possible triangle underway (bullish);
chart DAX - possible inverted H&S underway (bullish).
Good luck to all!
SPX finished another session above the MAE50. Despite the bearish counts and the corrective pattern everthing is still possible since yesterday lows. Nothing changed since yesterday and this post is still valid. At short term you can see my last chart at chat room. Good night to all.
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