DislikedHello, thank you for posting.
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But 50% of the time situation get a little more complicated, the retrace is infact a impulsive wave on a different dimensional fractal, so when retrace "a" finish and price come back in direction of trend, it's now on retrace "b" (the retrace of the retrace).
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It looks easy but in fact it's much complex because of the multidimensional fact, in this picture i just putted a limited number of boxes otherwise the pic would be very hard to understand, but if i should put all the boxes of every...Ignored
Thanks for sharing all this with us!
"What goes around comes around" as you can sometimes read on this Forum ;-)
I have a question regarding the "dimension" aspect you mention in your post. What do you mean by that (see quote above)? Are you putting boxes of support/resistance that you noticed on higher timeframes? Or are you putting boxes of long past Support/resistance closer to the actual price action?
Thanks for sharing your explanation! As someone else said on this tthread you have given us a new toy to play with ;-)
Cheers,
F.