Hello Friends,
I have attached an excel file. It contains a chart, created with random numbers, similar to a price data of a stock (not commodity). The formula is open. View this chart, you will find many technical analysis patterns like triangles, head and shoulders, double bottoms and other greek and Latins. After that type anything in an empty cell, (do not disturb cells those have contents), your chart will be refreshed and still you will find new patterns.
After "analysis" pls give your feedbacks...
1) Does Technical Patterns are random events?
2) Can technical analysis forecast even the random numbers? and therefore can it forecast the prices in a better way?
3) Does prices create patterns or technical analysis create patters?
I have attached an excel file. It contains a chart, created with random numbers, similar to a price data of a stock (not commodity). The formula is open. View this chart, you will find many technical analysis patterns like triangles, head and shoulders, double bottoms and other greek and Latins. After that type anything in an empty cell, (do not disturb cells those have contents), your chart will be refreshed and still you will find new patterns.
After "analysis" pls give your feedbacks...
1) Does Technical Patterns are random events?
2) Can technical analysis forecast even the random numbers? and therefore can it forecast the prices in a better way?
3) Does prices create patterns or technical analysis create patters?
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