The Fractal Nature of Price in the Market
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Understanding the fractal nature of prices is essential for traders. ✅
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Meaning the price is the same on different timeframes. ✅
↓ twitter.com/i/web/status/1…
Session Range high and low are fractal ✅, meaning in any timeframe, you can see how the price react to those horizontal line. Example : Asian Range.
50% of any candle high and low using a fib is fractal ✅, Also you can use it as your premium and discount zones.
The 6x H4 candle into 1x Daily Candle is a powerful concept. It condenses six 4-hour candles into one daily candle, providing a good perspective of the intraday market movements.
The daily candle's range holds valuable information about market sentiment and potential breakouts.
It is crucial for beginning traders to manage their expectations, start with smaller, achievable goals, and focus on building a solid foundation of trading skills and knowledge.