The Fractal Nature of Price Trends - Part II
Last week we explored the concepts of fractals and Chaos Theory, and I probably left most people scratching their heads. Thanks for bearing with me. There was a point to it all, and we'll get to that now. It might help to re-read (or read for the first time if you missed it) that site before continuing below. It's available in our archives, posted on November 1, 2013.
To review - fractals are objects or systems that maintain self-similarity across all levels of observation. Now to relate this back to the nature of price trends.
Recall that technical analysis is based upon the concept of trends or patterns within prices. These patterns give us clues as to how other market players are thinking by allowing us to examine and analyze their behavior - investors by definition "put their money where their mouth is." Analyzing investor ... Log in or subscribe to continue reading.
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