Is price movement really random and unpredictable?

[ForexCrusader]

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

 

[TVIS]

It seems that we can make some predictions
Walking the Talk: EURUSD Target is Jan 25 HIGH
Risk 10%
No SL
The entry price is 1,07540

Eliminated
Just 13-14% profit
Nothing fancy

 

[MACD]

Imo, Charts are not random in normal trading conditions, But when you introduce major or outside geopolitical news then for a period the charts become momentarily random and unreadable, but after, then revert back to normal tradeable conditions.

There is a reason for the waves in the markets, and the candles are painted to produce those waves.

@tuxedo69 is Got It.