In this chart I break down how I use converging price trends as well as fractal patterns to set up a trade. Here, we have spotted a potential fractal price repetition on BAND, and have an amazing entry. We can use both the fractal movements of the past, as well as converging price lines, to make our price predictions. The BAND chart tells us price is likely to make a strong move upwards in the near future, targeting $21 sometime after Christmas.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.