Maybe currently technical analysis is not that effective compared to stock market, but it still useful to spot out some major support and resistance points.
Maybe currently technical analysis is not that effective compared to stock market, but it still useful to spot out some major support and resistance points.
oh absolutely, I kind of gave the impression that it was all bunk and it's not, just that a lot of so called 'experts' are consistently doing it wrong.
I was looking at a whale post the other day and he was claiming that a line that was touched only twice over 3 months ago, from the same direction, made it a 'major support line' and price would bounce off it. What a crock of shit, clearly hasn't got a clue what a support line is or where to draw it.
People were actually writing back 'oh wow, when it gets to that line I'm going to buy'. Really sad :-(
I use technicals to trade all the time (including S&R), so I didn't mean to offend anyone else who genuinely uses them, just the charlatans who are making people lose money with their fake advice.