The steeper the slope, the greater the momentum
LiteFinance: Fractal analysis for the cryptocurrency market |Litefinance However, this element still has some characteristics, which help to identify it. Trident properties: Never starts from a downtrend (cannot be at the beginning of a cycle) This element is always between the origin and the third element, impulse Point β cannot be lower than point α (see graph above) The inclination angle of the connection line αβ identifies the strength of the impulse in the next element. . It is worth noting that at this stage of price development, a cascade of pitchforks is possible. But there are rarely more than three of them. Element 3 – Impulse – This element is the most visible and the easiest to identify.As a rule, this element is characterized by a strong movement in the direction of the trend. LiteFinance: Fractal analysis for the cryptocurrency market |Litefinance Impulse Properties: It is the longest wave of the fractal model 90% of the cases Peru Mobile Number Listreach the 1.618 Fibonacci level of the Origin wave (see chart below) The intersection of the vertex of the Origin wave is confirmed (see the key level on the chart) On long time frames, starting from 4 hours or more, the impulse wave often divides into several sub-waves with sideways transitions (marked on the chart with green circles) LiteFinance: Fractal analysis for the cryptocurrency market |Litefinance It should be noted that 5-element models are more often on the regular stock market than 3-element ones.
http://zh-cn.phonenumbervi.com/wp-content/uploads/2024/03/per.png
In such fractals, impulse is followed by elements like revival and spark. However, for now, I would not like to overload you with that information, as for the successful application of fractal analysis, one must first learn to identify exactly these three elements: origin, trident and impulse Here I just want to point out that as the bullish trend is considered exactly, each low marked by the wave correction in our described elements will be greater than the previous one. LiteFinance: Fractal analysis for the cryptocurrency market |Litefinance If this condition is not met, the entire fractal must be revised. Here, perhaps, I will end the first part. Try to find yourself a similar fractal on the chart. Remember, the order of the items should not be changed: Origin – Trident – Impulse If you succeed, share your joy in the comments; If not, don't worry and wait for the continuation in the second part.
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