With what we saw on Friday, haven't we now pretty well disproven that anything can be predicted by technical analysis?
Sure, patterns emerge in data. Patterns are pretty well established for the ebb & flow of the tides too, but that all goes out the window during a hurricane.
I get jazzed when I see a draw down because it means I can add to my spot positions, but I'll never understand why, as clearly as this market can be manipulated at the drop of a dime, anyone would ever trade on leverage. Because some bag pumper on YouTube said that the green & red lines say...?
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