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Home › Forums › General Discussions › point of recurrence
Hello every one. First I’m sorry for my English. I was at ff and followed tz zones thread and I have some thing to tell you about how can you expect point of recurrence but this has some conditions . one tool we will use it is fibo expansion . tz must form a pattern that I called 1.2.3 we have 2 cases .first one that price goes above top previous tz area in this case we look for other 2 confirmed tz after first one . lets call first tz 1 then the following tz will be below the first one lets call it 2 . so 3 should be between 1 and 2. I hope pictures explain more than writing
the second case when price expected to re visit bottom tz and if you understand the first case you will get the second one
Yes, this is a very good observation. I was looking at this as well and there is validity to analyzing in this way. Because what TZs are is a type of a fractal. But it’s not exactly like a fractal. The only difference is that some places TZs might not draw where a fractal might be. I’m starting to think that fractals might actually be superior to TZs because we need to see all H_Left transient bars. What we need is a fractal indicator where we can set how many bar fractal it is and to show it as soon as its a pending fractal. This can be used for fib extension analysis.
Focus, Patience, Determination & Order in chaos
Nice setup mate! I mostly trade 123 pattern and i look forward to delv this further.
regards
fm
I’m starting to think that fractals might actually be superior to TZs because we need to see all H_Left transient bars. What we need is a fractal indicator where we can set how many bar fractal it is and to show it as soon as its a pending fractal.
Interesting idea! Might also be interesting to combine PTZ and potential fractals when calculating probabilities for a reversal. Thinking about it …
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)