3 ms·
Obviously the double camel hump pattern predicting a breakout at the 47 day moving average is bullshit. But I think its more interesting to find the least bull
by nonethewiser 3y ago
Obviously the double camel hump pattern predicting a breakout at the 47 day moving average is bullshit.
But I think its more interesting to find the least bullshit aspects of TA. Its not clear what constitutes technical analysis. Momentum is a real signal that can be seen on a chart. If you trade based off momentum is that TA? Momentum trading can be effective.
I almost feel like the simpler the TA concept, the more beneficial it is. But then it’s arguably less of a TA concept.