Nifty - Trading with Fractal and Elliott wave pattern!
Jun 09, 2023
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Trading requires understanding of repeatable patterns on different time frames. Elliott wave is based on Fractal nature.
Fractal nature of market is the reason that technical analysis works and trading profitably is possible.
Below chart of Nifty shows the repeated pattern on Nifty hourly chart:
Nifty hourly chart – discussed during Live Mentorship session
Happened
As shown in above 1st chart, pattern marked as a-b-c-d-e is Extracting Triangle as per Neo wave and post its completion we got upward thrust from the pattern.
The similar pattern is repeated later which is of smaller size in form of a-b-c-d-e and post its completion a similar upward thrust can be observed.
Also the first chart was discussed during Live Mentorship session when the pattern was under formation basis of which a trade was planned.
Elliott wave and Neo wave methods are based on Fractal nature of markets and even Time Trading is on the basis of Fractal.
Thereby understanding these repeated patterns across time frame one can trade profitably. Time and Elliott wave is one of the best combination for Fractal trading.
Master of Cycles – Learn more about this concept of Time Fractal trading along with KST indicator and Ichimoku Cloud in upcoming Master of Cycles (MOC) scheduled on 24th – 25th June 2023. Early bird ends today, Take the step towards learning the scientific approach to trading.
3 Months of Mentorship on Timing the Market – Above chart simply shows how price action along with Time cycle and Neo wave can be combined. A Mentor can ensure that proper application of these methods is passed across so that it can form a powerful system to generate that parallel source of income. Be a part of Elite traders community we call as #TimeTraders. Fill below form for more details: