Is price movement really random and unpredictable?

Discussion in 'Trading' started by schizo, Jan 9, 2024.

How accurately can you predict the next bar or candle?

Poll closed Feb 8, 2024.
  1. Usually less than 25% of the time

    23.1%
  2. Between 25% - 50%

    28.2%
  3. Between 50% - 75%

    33.3%
  4. Almost always above 75% of the time

    15.4%
  1. Price movement is not entirely random and unpredictable. While there are moments of volatility and uncertainty, which may give the appearance of randomness, patterns and trends emerge over time. Chart patterns, such as support and resistance levels, trend lines, and candlestick formations, provide valuable insights into market sentiment and potential future price movements. Advanced traders often study harmonic patterns, which are specific price formations that indicate potential reversal or continuation of trends.

    If you are looking to learn more about harmonic patterns these guides can help:

    https://insights.primecodex.com/cypher-harmonic-pattern
    https://insights.primecodex.com/butterfly-harmonic-pattern
    https://insights.primecodex.com/gartley-harmonic-pattern
    https://insights.primecodex.com/bat-harmonic-pattern
     
    #371     Feb 26, 2024
    MACD likes this.
  2. TVIS

    TVIS

    Eliminated
    Just 13-14% profit
    Nothing fancy
     
    Last edited: Mar 6, 2024
    #372     Mar 6, 2024
  3. MACD

    MACD

    @tuxedo69 is Got It.
     
    #373     Mar 6, 2024