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.
Made one mistake in my last bull chart and only could see now this error (the iv brown is iv purple). Sorry guys :(. So is possible (again) new highs.
The bearish case show us the two options are possible. SPX may had finished wave ii or is missing at least one more high to complete this wave.
All day out cause of my work and some problems to resolve. Didn't have time to count waves but as expected SPX made new highs. So maybe the top at short term (at least) was made today. Tomorrow will show my charts. Good night to all!