Continuing with the examples previously posted about Fractals,
This example is of Heritage Foods, seems to be forming a multi year fractal on (Monthly) charts.
- 2007-2012, one can see bottoming out at Channel Bottom, a slant breakout post reversal from Fib 0.618 levels, RSI formed a symmetrical triangle and broke out as well, which led to a multi year bull run to go ahead and touch the channel top.
- 2018-2023, current setup, similar bottoming out is seen at Channel Bottom, Fibo reversal from 0.618-0.786 and a minor slant trendline breakout. RSI also again seems to be on verge of a symmetrical triangle breakout, ( Bigger slant trendline still setting up).
Which the fractal move repeats, and trendline breaks, a bull run could follow in the stock, possibly touching channel top once again.
- Both Fractals shown in Yellow Shaded regions.
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