Manali Petrochem Fractal Patterns Tutorial
Fractals are a self similar patterns that recur at successive lower degrees. Once identified, they provide great trading opportunity. They can be found on any time frame, on any asset class or any instrument in any market conditions.
How to trade: Once a clearly visible fractal pattern is recognized, look for the lowest degree pattern in the structure to retrace over 100% of previous swing high/low as depicted in the chart. Make an entry at such a breakout.
Risk Management: Keep the stop loss at the lowest point of the lowest degree fractal.
I hope the explanation was useful for the fellow traders out there. Cheers!!
How to trade: Once a clearly visible fractal pattern is recognized, look for the lowest degree pattern in the structure to retrace over 100% of previous swing high/low as depicted in the chart. Make an entry at such a breakout.
Risk Management: Keep the stop loss at the lowest point of the lowest degree fractal.
I hope the explanation was useful for the fellow traders out there. Cheers!!
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