An up fractal breaks if a candle to the right of it has gone higher than the high price of the candle below that fractal. A down fractal breaks if a candle to the right of it has gone lower than the low price of the candle above that fractal. In order to determine the market direction, find the last broken up fractal and the last broken down fractal. Determine which of these two fractals broke last. If the up fractal broke last, the market direction is up. If the down fractal broke last, the market direction is down. Note: it does not matter where the actual fractal that is broken is located, what counts is the location of the point where it breaks. It is important to understand that it is the last break of a fractal that counts to determine the market direction, and not the fractal itself.
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Duration: 1m 51s
Rating: 6