TradingView idea revolves around identifying a 1:1 fractal move that occurred in January following an FOMC (Federal Open Market Committee) event. This fractal move is characterized by specific price levels, with a high at 34.951 and a low at 25.097.
A 1:1 fractal move typically suggests that the subsequent price movement mirrored the previous one, indicating a potential trend continuation or reversal. In this case, it implies that the price retraced or advanced by an amount equal to the initial move.
Given the levels you've provided, it's crucial to analyze the market context and other relevant factors. This could include examining any significant news or events around that time, as well as considering indicators, trendlines, and other technical analysis tools.
Please remember that trading involves inherent risks, and it's important to conduct thorough research and possibly seek advice from financial professionals before making any trading decisions based on this idea. Additionally, keep in mind that the market is dynamic, and past performance does not guarantee future results.
A 1:1 fractal move typically suggests that the subsequent price movement mirrored the previous one, indicating a potential trend continuation or reversal. In this case, it implies that the price retraced or advanced by an amount equal to the initial move.
Given the levels you've provided, it's crucial to analyze the market context and other relevant factors. This could include examining any significant news or events around that time, as well as considering indicators, trendlines, and other technical analysis tools.
Please remember that trading involves inherent risks, and it's important to conduct thorough research and possibly seek advice from financial professionals before making any trading decisions based on this idea. Additionally, keep in mind that the market is dynamic, and past performance does not guarantee future results.
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