Forex Price Movement in Fractal

Forex Price Movement in Fractal – a simple look into Elliott Wave Analysis

SUMMARY

Price don’t move in a straight line – in fact they move in a zig-zag manner. Forex price action is all you what you need to know in forex trading. Price movement integrates with time are the only things you need to know in forex trading. Tflow® is all about integrating price action and time.

• This is fractal in action! Fractal is the building block of Elliott Waves too.  The chart above shows a typical Elliott Wave formation of 1-2-3-4-5 impulse wave and A-B-C retracement wave.

Movement in uptrend

• Observe the chart above, price will always move in zigzag manner.

• In an uptrend, while prices move up, it will be followed by a period of downward movement. This is a retracement. In fact, such retracement offers traders a great chance to buy low in an uptrend.