Any consistent trend in the same direction as the price change would be evidence of an efficient market.

Question

Quizplus · Accepted Answer

A consistent trend in the same direction as the price change would be evidence of an inefficient market, as it suggests that market participants are not incorporating new information into their decisions and allowing the price to deviate from its true value. In an efficient market, all available information is quickly and accurately reflected in the price, making it difficult to consistently profit from trading based on past price movements.

Any Consistent Trend in the Same Direction as the Price