Bill Williams Fractal Lines
Fractals are a great tool for technical analysis and really enhance your Forex trading plan and FX trading strategies. Fractals are a very useful FX trading tool and technique:
- They provide for a good entry method;
- Yet even more important; they also provide places for great stop losses;
- Fractals are natural support and resistance levels;
- Fractals on higher time frames can be/spot major levels;
- Fractals can be useful for placement of Fibonacci retracement levels;
- Last but not least: Fractals are a great method of determining the trend (without bias).