DislikedLet me state this clearly as possible: 1: choose your time-frame 2: choose your currency pair 3: choose any price level, p and a value for h. The proposition says that the relative frequency of the number of times the market reached p and p was h-recurrent will approach 1 almost surely as time goes to infinity. Now, since we cannot experience infinity, what about the short run. The theorem predicts that there is a minimum value for h such that 97% of price levels - hit in the past - will have h-recurrent relative frequencies close to 1. Therefore,...Ignored
EDIT: this is essentially what FX-Jay is showing us in those charts
the 3rd wave is the crowd's wave