Similarly, fractal patterns have also been used to analyze financial market cycles and forecast market trends. This form of technical analysis is called the Elliot Wave Principle. "The Elliot Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences."
Fractals are defined as "a rough or fragmented geometric shape that can be split into parts, each of which is (at least approximately) a reduced-size copy of the whole,"[1] a property called self-similarity.
Approximate fractals are found in abundance in nature. These objects display self-similar structure over an extended, but finite, scale range. Examples include clouds, river networks, mountain ranges, snow flakes, ferns, trees, crystals, lightning, broccoli, and systems of blood vessels and pulmonary vessels, and ocean waves. DNA and heartbeats can be analyzed as fractals. Even coastlines may be loosely considered fractal in nature.
The Mandelbrot set is a famous example of a fractal.
From: http://www.greggbraden.com/fractal-time-calculator
"The principles of cycles and time appear to be universal. For this reason, they apply to the things that happen in our personal lives as well as the things that occur on a global scale.... We can identify a seed event in our personal or collective past, and calculate when the conditions created by that event will repeat in our future."
"We can calculate the times in our lives for the repeating conditions of any emotional experience that has left its imprint on our heart. The conditions can range from the elation of an accomplishment to the hurt from a loss. The key ... is that the experiences that create the greatest magnitude of feeling tend to become the seed events for similar conditions, and similar patterns, to repeat at cyclic intervals."
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