This is based on the Fractal indicator. For this purpose I calculated the Fractals manually in python. The optimize number for fractals on a Daily (Globex) Chart is 4. I then ran a DBSCAN (Machine Learning cluster algo) to determine the relationship of Support and Resistance over the last two years data. I then plotted those scans. UpFractals : Count: There are...
1. Introduction Support and resistance levels are key concepts in technical analysis. Fractals are tools used in technical analysis that help identify local tops and bottoms in charts. A fractal pattern consists of five bars with the middle bar showing a high or low compared to the surrounding bars. In this report, we used fractals with an optimized parameter to...
These are the levels I will be using for the Month of Aug. Capturing the consolidating between the swing high on Thursday Dec 21 2021 to the swing low Oct 13 2022. The bull market was firmly established on Mar 13 2022, and since that date, we have ramped up, with minimal pullback occurring during the RTH session. What to expect in August. Mean Range for...
The ES has a large gap up. Market Driven Move - Non Organic VIX at normal levels. Globex Volume off by 50k Trend Days have a tendency to start in the Globex Scenario 1: At open sellers immediately step in and drive price down towards Previous Day High. In this scenario we are looking for a minimum of half gap fill (Day Open + Previous Day High) /2 Expect...