Is it a range?

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Boyan Taksirov
3197
Boyan Taksirov  


I think - yes. It even has support and resistance levels.

This graph is from dataset of coin tosses provided by mrluck. Tried to post these pics in his topic, but anyway I find his question interesting - if we can predict the future data based on previous data of stochastic processes(which he calls "game").

We can't predict the future data, but there is a probability  this "range" tendency to continue. 

Is this knowledge enough to win?

Maybe. Especially if we combine some number of independent tendencies.

Should we apply indicators to such a chart? I think - no.

Some opinions?


Marco vd Heijden
Moderator
8445
Marco vd Heijden  

Yes.

46du114t1f
87
46du114t1f  

Range above and below support and resistance level can be used to absorb the randomness of the bounces of price in the chart.

Boyan Taksirov
3197
Boyan Taksirov  
46du114t1f:

Range above and below support and resistance level can be used to absorb the randomness of the bounces of price in the chart.


Maybe, but I meant something else.

We have used to look at the price movement in a graphic way, but every data set can be presented like that. Even like a bar chart.

So, we could find the technical analysis formations in many datasets except markets.

So, it is not about buyers/sellers thing...

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