Fractal on the stock exchange

Fractal on exchanges (, Stock, etc.) - a technical analysis pattern repeated on the price chart (pattern), the shape of which may be divided into parts and represent a reduced copy of the whole.

In classical technical analysis, a fractal consists of five bars and can be directed up or down. The main example of the fractal theory work is the following figures Elliott's theories. In addition, do not forget about the technical indicator "Alligator", which was created by Bill Williams on the basis of moving averages.

Just like any other technical analysis indicator, "Alligator." It is better to use it in combination with other indicators on several timeframes to create a more complete picture. This is due to its peculiarities:

— фрактал – отстающий показатель, он только подтверждает тенденции;
— его работа хороша на высоких таймфреймах.