Sensex, TSLA, Commodities: Spot Near-Term Price Pattern, See Long-Term Trend
by Editorial Staff
Updated: September 10, 2020
Imagine a tree. Imagine how each branch is shaped like a smaller tree in itself.
That's a fractal. A self-repeating pattern on all degrees of trend.
The stock market is also a fractal. Smaller price patterns make up larger ones, and the larger patterns look just like the smallest ones.
Often, if you spot a small-degree Elliott wave pattern, you can make a reasonable prediction that a larger pattern -- of the same shape! -- will follow.
Watch as our monthly Global Market Perspective contributor explains more using examples of Indian stocks, Tesla, and commodities.