Continuing with the column Fractal theory)
The fractal analysis allows to give the direction of the price movement and helps to determine how long this movement will go before the reversal.
On the local TF I would like to note here that since it is a bullish trend that is considered, each minimum marked by a corrective wave in our elements will be higher than the previous one. I hope now you understand why I recommend not to short in such a market) Also, there is a limit order in case of a spill)
The fractal analysis allows to give the direction of the price movement and helps to determine how long this movement will go before the reversal.
On the local TF I would like to note here that since it is a bullish trend that is considered, each minimum marked by a corrective wave in our elements will be higher than the previous one. I hope now you understand why I recommend not to short in such a market) Also, there is a limit order in case of a spill)
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