![]() When you use the Elliott Waves Indicator For MT4, you need to understand the fact, higher time frame reading gives much more accurate signals. And the distance between each fractal determines the strength of the bulls and bears. Similarly, when you spot a fractal above the candlestick, you can expect a bearish movement in the market. When you spot a fractal point just below the candlestick, you can assume the bulls are slowly taking control of this market. The fractal points (arrow mark), the distance between one fractal to another. There are two basic things you need to know about this indicator. Just by seeing the fractals in the chart, they will get busy with unnecessary calculations. The rookie traders always find a way to make things complex in the trading profession. Alerts In Real-Time When Divergences Occur
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