In various previous posts, I’ve stated that the monthly forecast is to take into account as a sort of path tracer, an indication, a generic route for future market action. I tend to consider it in this way, having a much more precise weekly and daily forecasts.
Today, I decided to get back to the far away in the past previsions and checkout their validity: I continuously check the forecast, obviously not always correct, but usually, I tend to be a bit superficial with the monthly forecasts. So, let’s see how it performed.
The first chart was the forecast published on the 1st of December 2017: almost 24 months ago! You may note that the forecast for the present November 2019 (the 24th bar in the future) is in the range 3100/3300.
In the second chart, brewed seven months later on the 1st of July 2018, the monthly forecast for the current month of November 2019 (17 bars into the future) was in the range 3050/3150.
Now, I leave to you any consideration about the quality of the forecasts by r.Virgeel, I just want to say that this is what I mean when I say that artificial intelligence is different and that you may “know in advance”.
