Hello, question about the formation of fractals.
Assume the following:
1). A series of five consecutive candle sticks. The last candlestick has formed and closed.
2). The third candle stick has a fractal arrow on it. Will this arrow become permanent now that the fifth bar has closed?
I am trying to understand at what point a fractal will no longer repaint due to changes in price. I realize that a fractal can change on the candle to the left of the current price bar. Just trying to figure out when a fractal becomes permanent and is no longer subject to change.
Any help would be appreciated. Thanks.
Assume the following:
1). A series of five consecutive candle sticks. The last candlestick has formed and closed.
2). The third candle stick has a fractal arrow on it. Will this arrow become permanent now that the fifth bar has closed?
I am trying to understand at what point a fractal will no longer repaint due to changes in price. I realize that a fractal can change on the candle to the left of the current price bar. Just trying to figure out when a fractal becomes permanent and is no longer subject to change.
Any help would be appreciated. Thanks.