Self-similarity
A situation, in which a part of an object (for instance a chart) is similar to other parts of it or (and) to this object as a whole. If an object is self-similar than we may infer that it is a fractal. One of the examples are chart patterns - what a given market (for instance: gold) does in a week may be very similar to what it did over a year, and something that it did over a decade, might be just like what we saw in several hours. Technical formations appear on many different ways and they can be viewed as something that's self-similar. The same formation is likely to be seen in more than one time-frame. More information on the subject of self-similar objects and the possibility to use self-similarity and fractals in the precious metals market analysis is to be found under the term fractal.
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