Beechmere
My two bobs' worth is "that is increasingly true". imo
The software I have can scan for everything from candles to breakouts (of resistance and support) proximity to resistance and support and a whole lot more.
People buy for all manner of reasons (FA TA news whatever) so I guess it averages out.
But I don't think there's any doubt shorter-term indicators have a higher % of short-term traders trading them and therefore more less likely to be robust signals of strength.
I think that's what makes it so hard to pick a stock for an intraday trade, versus a T+3 or MT or LT hold.
Does that make any sense at all? And have a missed the point of your question completely?
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