Up Fractal

What's that?
It means previous high?

A fractal in trading was coined by Bill Williams.
http://www.amazon.com/Trading-Chaos-...4380283&sr=1-3
In his case a up Fractal means the highest high of at least a 5 bar series. So It would be a high that has at least 2 lower bars immediately before it and at least 2 bars immediately after it. A down Fractal is just the opposite as the lowest bar.

The mathematician Mandelbrodt http://www-history.mcs.st-and.ac.uk/...andelbrot.html

And http://en.wikipedia.org/wiki/Mandelbrot_set

Was the person who originally brought us the idea of Fractals in nature. and abstract processes.

Aka some kind of Elliott Wave in five period compination: 1) 2) 3) 4) 5)

1) lower
2) higher than lower
3) higher
4) higher than lower
5) lower

Some links:
1) http://trading-stocks.netfirms.com/fractals.htm
2) http://stage6.divx.com/user/Numb3rs/...ap-for-Traders

Seems ridicilous to me, but hey it's matter of taste

Thanks , very helpful.