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#Learning ‘Any thing can happen’ culminates from the concept that market movement is a factor of numerous known and unknown random variables; today’s gap down which is on account of a random variable called Trump/Iran variable shifted the entire market direction upside down...
.... in an otherwise up trending scenario; charts don’t reflect all random variables; it reflects only known random variable and markets expectation on them. For eg, coming budget is a known random variable, economic events like data announcement, monetary policy etc ....
.... are known random variables. Known random variables are already known by market but for its outcome. This will adjust the chart structure if the outcome of the known random variables is not what market expected / not what was priced in; Unknown random variables on the other..
