Loading ...Am I seeing what I want to see?
I know nothing about fractals but I think we get a move down in the dollar in the near term to head fake the masses and un-crowd this trade. Am I seeing what I want to see or does this look relevant to anybody? All you heavy weights feel free to kick sand in the face of the skinny new kid on the beach.
Looks lil you’r using box theory. Where did you learn that technique may I ask?
LOL, I have no idea or what to call it, it just looked somewhat similar so I highlighted it with a box. My understanding is a lot of market scenarios don’t exactly repeat but they rhyme, just like history. Both would be based on human emotion which is what basically we are trying to read in the charts.
Carl Futia does something similar and I’ve not seen it anywhere else so I just assumed. Interesting fractal for sure. To me, the daily looks like a bear flag which could break at any time. I’m with you.