The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
Developed by Bill Williams. Up fractals are used to identify tops, where down fractals are used to identify bottoms. Up fractals are comprised of 5 bars (minimum) where the highest high is preceded by two lower highs and is followed by two lower highs. Down fractals are comprised of 5 bars (minimum) where the lowest low is preceded by two higher lows and is followed by two higher lows.
Category: Technical Indicators