Let me admit I am firm and a true believer in visual chart analysis. Let me also admit that I will not and do not know the story brewing behind the curtain in the chart behavior. Let me also admit that I will wait for the news to be published.
In the meantime, I will just act according to what the chart before me looks like.
The mistake that most (nearly all) people who use chart and 3rd party who ask this chart user is the presumption that the chart is "telling" us or you. Now you understand why all the mistakes and blunders are made by this half baked people who use chart.
In my years of trading with chart, I learn to rectify my mistakes, learn to "unlearn" and "unwind" all the wrong mindsets and rubbish (garbage) about charts. Finally understand the real beautify of visual chart analysis.
Let me also admit that whoever believe that the more complicated the analysis, the more accurate you think the analysis than you are wrong.
Visual chart analysis has to be clean cut, simple and NOT complicated.
Yes, I know you have been promised Heaven and Earth by many this people out there with their chart analysis capability or skill. The hardest truth is that you have been conned!!!!
FINALLY ... let me conclude by saying that the chart DID NOT TELL ME ANYTHING. It is up to me to analyze and interpret what I think the most likely and high probability it will be doing.
Unless the one using charts claimed he has divine power and able to listen to the chart whispering into his ears.
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