RE:RE:RE:RE:RE:RE:RE:copper technicalsFundamental analysis isn't based upon any personal experience. Pounds produced, supply and demand, cost of production etc can be modeled with empirical data. Lines and geometric shapes on a graph are exactly the same as seeing shapes in a cloud. And then there's "randomness" which makes all t/a useless. No "pattern" you perceived from some date in the past was going to tell you what the FED was going to do or say on Wed. It's not going to quantify the effects of Covid, interest rates, algo trading, political rulings, or drill results. Successful predictions are a constantly moving target based on an infinite number of constantly changing variables that might be similar in some respect to variables in the past BUT the future ALWAYS has new variables that never existed before. You cannot model sentiment as it constatnly changes with constantly changing inputs...like a flock of birds that randomly changes direction due to some unseen stimulus or a school of fish that randomly moves in unison when a predator shows up.
Markets are HUMAN CONSTRUCTS and as such obey NO natural laws. You can predict when an eclipse will happen but you cannot predict where a given stock is going to be a day, week, month or year from now because markets and perception do not follow any natural law.
The best anyone can ever do is get a handle on the big picuture....money flow, risk appetite vs other asset classes, the effects of a new mine on earnings and cash flow, demographic influence, cultural shifts etc...big long lasting influences....the EV movement, the aging of the population, the emergence of the internet, personal computing, the number of humans on the planet requiring food etc etc
And then make sector bets that are backed by tailwinds or select companies in a group influenced by these big factors
What you cannot do, will never do, is predict the short term fluctuations of anything with any reliability for all the reasons I listed and then some.
If looking at a chart and seeing some made up shape had ANY viability then there would be no need for any real world information....magic numbers would magically beget other magic numbers and everyones smart phone would have an app to trade these predictable patterns.....it is all woo woo BS nonsense...all of it. It's not science it's krap