In good hands, fractals can provide the ultimate edge for future price movements. In this THREAD we gonna explain exactly why
▪️ What are they?
▪️ Why are they so useful?
▪️ How to see them?
▪️ Can I mix different TFs?
▪️ How not to use them?
▪️ Examples
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▪️ What is a fractal?
In simple terms, we could say they are the same repeating patterns over again.
They are ruled by the same principle and therefore we see the same or very similar outcomes.
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▪️ Why are they so useful?
First of all, it is important to understand that fractals are so powerful cause they appear not just in the markets but everywhere around us, even in nature.
The same repeating patterns across different objects
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The same thing is happening in the markets
And although prices may appear to be random at times, it actually creates repeating patterns
If our eye is trained well enough, we can use it to our advantage
1) Remember them 2) Draw them 3) Print them 4) All of the above
Fractals take time & effort to spot but in return, you are given a high probability setup that fills you with confidence in it.
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If you think about it fractal is also a very known pattern called the double bottom, head & shoulders, and so on.
The problem with these basic patterns/fractals is that they are commonly known and in the modern era very rarely works
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Therefore we must look for at least a little more complex patterns that suit the modern era.
This is one that works well. You can call it the double-double bottom.
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Here you can see the above pattern in practical use on $KAVA
Such a pattern would offer you an 80% move if you had the patience to wait for it.
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The above is basically a pattern but once you get good at this you will start seeing the whole charts repeating in the same way and trust me, there are so many fractals out there.
One of the most effective tools for profitable trading everyone must know.
▪️ What is it?
▪️ Why are they such a powerful tool?
▪️ How to properly use them?
▪️ Hot to define strong trends?
▪️ Advanced techniques?
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▪️ What is it?
Fibonacci retracement levels are horizontal lines that indicate where Support & Resistance are likely to occur
They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced
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The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Although you can modify them and put any number you find the most valuable for you.
In simple words, they are nothing more than a % retracement from two price points.
▪️ What are they?
▪️ Types of MAs
▪️ Why are they such a powerful tool?
▪️ How to properly use them?
▪️ My best SECRET EMA value?
▪️ Which Timeframe to use?
▪️ Advanced EMA technique?
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▪️ What are they?
Moving average is nothing more than an average price of the last (value) of candles.
If we are gonna use an example of MA(50) it is gonna be the mean price of the last 50 candles