What are fractals?
To better understand Elliott Wave theory, we need to understand fractals.
Basically, fractals are structures that can be split into parts, each of which is a very similar copy of the whole.
Mathematicians like to call this property, “self-similarity“.
You don’t need to go far to find examples.
We can find them all over nature!
A seashell, a snowflake, and a cloud are all fractals.
Heck, a lightning bolt is a fractal.
So why are they important?
One important quality of Elliott waves is that they are fractals.
Much like seashells and snowflakes, we could further subdivide Elliott waves into smaller Elliot waves.
Ready to be an Elliottician now? Read on!
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