Uniformity of sentiment equals similarity of patterns.
Another golden nugget from you sir. It is so fascinating that all of these prices and charts are just such a reflection of our human projections. Great stuff as always Haejin, many many thanks.
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There is a famous saying: what are words but symbols of symbols, hence twice removed from reality.
Price is a reflection of sentiment which is itself a reflection of thought. So, Technical Analysis too is twice removed from true thought as it measures its reflections. Thus TA can never be perfect.
That is the roots behind why I use Technical Analysis.