DislikedI have been following the trend cause he's my friend don't want to go against the trend, scared of a reversal and also scared of losing all my profits Can somebody help, when is there going to be a reversal?Ignored
Now, do you realise that if it would be a probability like a positive 55% that every trend will continue, then everybody would win?
- blindly buy the lows (classic Fibos easiest) in an upside trend;
- blindly sell the highs (classic Fibos easiest) in a downside trend.
And we would be all millionaires! Just like that!
...but there are always 50% chances for the trend to continue, and 50% chances to reverse.
(for further reference, google for the "gambler's fallacy")