Archive for the ‘Probable Price Range’ Category

Successful Price Prediction Forecasts With Probable Price Range (PPR)

August 21, 2017 Leave a comment

If you have looked around this site and seen all of the Probable Price Ranges you may be wondering whether or not they work. The short answer is yes.


The criteria for determining whether the PPR is successful (TRUE) or not (FALSE) is as follows:

Does the entire probable price range fall within the the actual price range for the day and/or did the closing price fall within the Probable Price Range for that day.

If either one or both of these are true, then the PPR is considered TRUE or successful.

While some argue that price is a random walk, it isn’t nearly as random as some would have you believe. Yes, the daily direction appears random, but the longer than daily moves begin to fall into more clearly defined ranges.

While it isn’t recommended that you use the Probable Price Range as your only tool, it is quite useful as another tool in your tool box to help determine not only the direction of price, but potentially the overall extent of possible moves on a daily basis.

In addition, in a later post, we can discuss other tools such as Balanced Price Ranges (covering longer time periods) and Positive/Negative Ratios and Negative/Positive Ratios which can provide signals that price may reverse its current direction. Balanced Ranges can also provide signals when the actual price rises above or falls below the Balanced Range.

Click here to learn the basic elements behind the Probable Price Range (PPR).
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