FRACTAL
A type of pattern used in technical analysis to predict a reversal in the current trend. A fractal pattern consists of five bars and is identified when the price meets the following characteristics:
- A shift from a downtrend to an uptrend occurs when the lowest bar is located in the middle of the pattern and two bars with successively higher lows are positioned around it.
- A shift from an uptrend to a downtrend occurs when the highest bar is located in the middle of the pattern and two bars with successively lower highs are positioned around it.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:00 | ANZ Commodity Prices | Mar | |
| 03:00 | MI Inflation Gauge | Mar | |
| 07:00 | Consumer Confidence | Mar | |
| 08:00 | Factory Orders | Feb | |
| 10:30 | Construction PMI | Mar | |
| 10:30 | Sentix Investor Confidence | Apr | |
| 10:30 | Housing Equity Withdrawal | 4 quarter | |
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Interest Rate Decision | 1 quarter |
