Reiteration: Technical analysis is a discipline like football commentary, literary criticism, and music appreciation — it carries strong subjectivity, yet is also grounded in facts and theory. Its essence is that we collectively watch Wall Street’s daily performance and understand its outcomes and motivations.

It is not meant to predict the future, nor can it help you engage in short-term battles against Wall Street, which has thousands of math PhDs and tens of thousands of AI trading bots. If you hope to use technical analysis to make money in front of a steamroller, it is better to give up early and shift to long-term investing.