So here is a little test drive of our Fractal Pattern Indicator. We are giving Some demonstration of how we can use the probability information gathered from Fractal Pattern Indicator.
Overall market is pretty bearish, we know that since correlation ranking heat map tells us. In GBPUSD, we can see that current price is pretty close to 95% Probability in price.
At the same time, it is 5 hours away to move outside 68% probability in time. Near 70% is pretty high probability though.
I added Ace Supply Demand zone indicator to confirm this finding. Indeed, detected demand zone indicate potential turning point (with drop base rally anticipation.). Even price penetrate the zone, it will not hold for a long.
I am writing this and analyzing. So my screenshot could get little behind my analysis.
What is pretty sure is that we are close to have some potential turning point for GBPUSD.
For your information (probably common sense), height of box represents the probability of price and width of box represents the probability of time.
For your information, Fractal Pattern Indicator is the most powerful turning point predictor on the net. Later we will show you how to filter out bad harmonic patterns and elliott wave patterns using Fractal Pattern Indicator too.