I think I know why you are on the technical analysis thread....

I think I know why you are on the technical analysis thread.

There must have been a reason why you bought and sold as you said in your post: "MAY has worked extremely well for me thus far MAY trading in 22/23". I have a sneaking suspicion that you also use "something" to calculate a buy and sell target. Your presence on the technical thread leads me to believe you are probably using a technical analysis indicator or derivative thereof.

I have also been incredulous when it comes to technical analysis, as I said here: 66369563 and here: 66369828 and here: 66399611 and here: 66338385 "I don't subscribe to the theory that technicals, yours or mine are all that effective at almost anything other than creating volume" (as it says in the below video).

Furthermore, the latest scientific literature on the subject supports the view that technical analysis alone is not effective: "For most signals examined, we do not find statistically significant results." and "For other strategies with significant alphas, we find that the out performance can often be attributed to a single outlier, such as the stock market crash in October 2008 when bearish signals led to a large excess returns." and "It further leads us to conclude that technical analysts typically act in a contrarian fashion and are not able to generate positive excess returns in most cases" source: Technical analysis: Novel insights on contrarian trading, Eugster, Patrick; Uhl, Matthias W.European Financial Management, Volume Early View – Aug 1, 2022https://onlinelibrary.wiley.com/doi/full/10.1111/eufm.12389

This is why I previously posted this video, I believe it is backed up by the latest scientific evidence (here: 66369828 and here: 66338385)
And to pre-empt the question why I bother with technical analysis? I have previously answered that here: 66126778 and here: 66338385.