Last week we had the fabled “Golden cross” which was supposed to be an extremely bullish Technical pattern.
A few months ago we had the “death cross” which was supposed to be a super bearish technical pattern.
On the death cross nothing happened, and The golden cross did the absolute opposite of what it was supposed to. What is the point of Technical Analysis if it is never right?
I think we should stop paying attention to TA and just go with the flow. It never seems to work anyways, and it just gets everyone excited over nothing.
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