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Is it possible to forecast future price of stocks and indices by technical analysis method?

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Is it possible to forecast future price of stocks and indices by technical analysis method?

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Yes it is possible. That doesn’t mean the forecast will be right. It means the odds of the forecast being right will be better than flipping a coin. Moreover the more techniques and time frames that are used, and which are aligned in the same direction, the better the forecast will be.

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