TradingView
MilestoneCapital
Aug 2, 2021 7:29 AM

Manali Petrochem Fractal Patterns Tutorial Long

MANALI PETROCHEMSNSE

Description

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!!
Comments
MilestoneCapital
If you find this useful, please like this post and gives us a follow.
More