It's been a while since I have posted here and it's mostly because I believe 90% of Technical Analysis is questionable and that I have posted enough educational material. I also put a post a while ago saying markets will be in a bad state and I did not want to trade. In order to stay active on this platform and the markets look corrected enough to start trading...
I don't really believe in support and resistance. Quite often you'll hear people say I should have held on to my winner or something like that. This is anecdotal evidence of the unreliability of support and resistance. Human beings are wired to see patterns on charts even when they don't exist. I would add evidence about how support and resistance are mere lines...