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 |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 09:00 | Wholesale Price Index | Dec | |
| 11:00 | Retail Sales | Nov | |
| 11:30 | GDP | Nov | |
| 11:30 | Industrial Production | Nov | |
| 11:30 | Manufacturing Production | Nov | |
| 11:30 | Visible Trade Balance | Nov | |
| 11:30 | Construction Output | Nov | |
| 11:30 | Index of Services | Nov |
