That's the only reason technical analysis sometimes happen to work.
Becouse enough people believe in it.
Trading secret:
It doesn't matter what the data means, it only matters what everyone thinks it means.
Discussion
99% of TA is hoodoo voodoo.
Trading secret:
It doesn't matter what the data means, it only matters what everyone thinks it means.
That's the only reason technical analysis sometimes happen to work.
Becouse enough people believe in it.
99% of TA is hoodoo voodoo.