Abstract
After a trend (for example a downward one) is exhausted and a new one starts in the opposite direction (in this case upward), is there any rule that enables one to predict what level of price this new trend will be able to reach?
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Notes
- 1.
We refrain from doing some numerological philosophy. Many algorithms in finance, if used by the masses, automatically achieve the results that they predict: if many think for some reason that a stock will reach USD 3.95 and no more, USD 3.95 will be sold in bulk, making the price drop.
- 2.
Di Lorenzo R., Come Guadagnare in Borsa con Internet, Il Sole 24 ORE, 2010.
- 3.
See the Sam worksheet.
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Di Lorenzo, R. (2013). Targets. In: Basic Technical Analysis of Financial Markets. Perspectives in Business Culture. Springer, Milano. https://doi.org/10.1007/978-88-470-5421-9_3
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DOI: https://doi.org/10.1007/978-88-470-5421-9_3
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