Can soneone please explain the Demark arrow what it's for
and how it relates to the fractals
Can soneone please explain the Demark arrow what it's for
and how it relates to the fractals
This is your arrow photo and indior
The other is a red star or something
the celebrity and arrow are at the top right
https://www.forexforum.co.za/attachm...1021723577.zipOriginally Posted by ;
https://www.forexforum.co.za/attachm...2386029060.mq4
https://www.forexforum.co.za/attachm...3333959147.zip
I think that it might be marking what he describes as TD Double Retracement when a broad range bar that has gone up via two retracements zones (in this case 3) measuring from Dec 1st high to Dec 18th low. One would then expect a decrease that is what happened starting on the subsequent day Dec 20th although it did go up roughly 50 pips before falling for the past 3 days. This retracement equals 61.8% so perhaps it'll now bounce?
End of year can be tricky though.