Yes if you understand they go hand in hand with fundamentals, and at times are not indicative of market sentiment.
problem being most chartists are just bad at charting, or over analyse with a hundred different metrics when only a hand full can be use for predictive outcomes, such as VWAP. If charting was as hot as the chartists made it out to be why don’t funds just hire all these Nostradamus types to knuckle out the simple mathematics and woolah, everyone’s a millionaire.
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