3 ms·

Resistance levels do exist in reality, but things don't bounce off whole numbers because "magic". They bounce becomes humans are human and place their bids and

Resistance levels do exist in reality, but things don't bounce off whole numbers because "magic". They bounce becomes humans are human and place their bids and offers at those whole numbers. That being said, I'd be looking at those bids and offers, not the chart.

michaf 9y ago
These technical analysis features can become 'self fulfilling prophecies', if a significant number of market participants believe in them (meaning it's a psychological effect). Other than that TA seems to be mostly BS.