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.
Principal conclusion: At short term, below the 117x's SPX is at bearish mode! Last higher high made yesterday (+-1148) will be important for the both sides.Good lucy to all!
medium term count, GBP may will have at these values some retrace (green count is my alternative bullish option).