Can price predict it's own future?

I call it a reaction.
Some call it a prediction.



Take for example a stock price going lower and lower and lower.
Then it touches the support line.


If the trader goes and takes a long position, then I call that
trading based on anticipation / prediction.
I don't recommend this way of trading.


If the trader waits for some confirmation / pattern (eg after touching
the support line, the price goes up and forms a higher low),
then that trader is reacting to the market/chart.

 

Uh huh.

 

412 (Done)
Looks like we're going toward 410

Let's see

 

%%
LOL/exactly;
+put enough moving averages on a chart + may very well hit or get something.
Some weather forecasters are 80% accurate/Farmer's Almanac.
Some moving averages seem to ''get hit''+ have some profitable pattern$ around them.
Its not really a coin flip; especially if one tosses the coin carefully

 

What is your go to alternative?

And simplemelike,you need to choose a lane.Its not possible to like this post and be in agreeance with Scat.Also seems like hes given you a lot of his time.

 

Good morning mikeriley,

Please see my comments in red

 

Good Morning semperfrosty,

How it goes buddy.

 

wtf?

 

Hello semperfrosty,

LOL HAHAHAHAHAHAHHAH hahahahahha

Hey man, it is what it is .

 

I was thinking the same thing.

I actually thought that trade would be somewhere around $250 per point.

No judgement,just surpirised at final earnings.