ALU | '21 Fractals | Price Projection
Four different fractals with similar results. Q2 '21 price was in convergence and took off in July similarly to price action in '23 -'24. Except price was in divergence and stopped selling off in July and took off in November leaving the middle months for accumulation.
After the expansion phase of the market in '24 price action got tossed into the distribution phase and price was bound to fall to these lows today.
Looking at Q4 '23 Fractal it fits perfectly with what we saw early this year when price was distributing.
Regardless what the news and fundamentals where saying price was able to repeat the same fractal by using the lows of '21.
Q4 '24 Fractal is the most recent pattern that we can reference with todays price action to get a projected estimate.
Current price action has also stopped selling in July and has been accumulating since then
Would like to see price action close at ATHs going into the next year and into the next distribution phase.
After the expansion phase of the market in '24 price action got tossed into the distribution phase and price was bound to fall to these lows today.
Looking at Q4 '23 Fractal it fits perfectly with what we saw early this year when price was distributing.
Regardless what the news and fundamentals where saying price was able to repeat the same fractal by using the lows of '21.
Q4 '24 Fractal is the most recent pattern that we can reference with todays price action to get a projected estimate.
Current price action has also stopped selling in July and has been accumulating since then
Would like to see price action close at ATHs going into the next year and into the next distribution phase.
NathanAL
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NathanAL
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.