RE:RE:RE:RE:RE:RE:ECB rate hike guarantees recession....Hindsight is always 20/20 I sold too early but still banked a win. Had NOTHING to do with any magical mystical numbers, lines or shapes on charts. If t/a was so reliable and volume meant anything why are you sitting with a boat load of I80 underwater? Nuff said.
There is exactly NO scientific, empirical, statistically viable, studies, reports or analysis that demonstrates the validity of ANY t/a voodoo nonsense. None, Not one not ever. Why is that? If there was a statisitcally viable means of prediction then you should be a billionaire, my smart phone should have an app to auto trade my account, there would be no need for any real world data etc etc
ALL t/a is backwards looking. Every single contorted made up pattern seeking by pattern seeking primates is nothing but a representation of what WAS not what will be.
To "believe" in ANY t/a wave, candle, line, moving average, RSI, stocastic, cloud formation etc is to be a superstitious gullible fool.
You CANNOT model "randomness" Your charts could not predict what the ECB was going to do or the market reaction to it. You cannot predict anything about the future by looking at past performance. It does not exist except in the imagination.