Technical analysis is all about hindsight (even Dow Theory) — the reason why pattern recognition is the only thing that matters
One-way concept
You just challenge the long-term perspective with short-term entries and stop positions
Dow Theory is just a retrospective explanation after it forms
The concepts of short-term and long-term timeframes are also retrospective
Basically, you trade before it forms or after it has formed, but
When you enter, it retraces or changes shape, and the chart pattern on higher timeframes changes and ends
The market moves based on long-term timeframes, but long-term timeframes often break, so
Relying on long-term timeframes in the first place is a mistake
Therefore, the interpretation of multiple timeframes becomes nothing but noise
The concepts of multiple timeframes, Dow Theory, candlesticks, and technical analysis are all useless
Because when things go well, the movement often changes midway; in other words, it doesn’t fit perfectly
There is no way to analyze it; it’s just that it happened like that in the past, and there is no guarantee
It hasn’t become an analysis; it’s just a past movement that happened by chance
Therefore, the only thing that can be analyzed is pattern recognition
Pattern recognition has not changed since the past
But this is not something that can be analyzed with technical analysis
Because movements that cannot be adapted to technical analysis are reflected
Pattern recognition is only reflected on the chart
There is only either the main chart’s movement or the price, which can be analyzed
It’s enough to know the reasons and concepts formed by Dow Theory and candlesticks; nothing else is necessary
Trendlines = meaningless
Support and resistance = meaningful because they are price ranges
Even without looking at the chart, if you just look at price ranges, you can understand the movement
Because it’s about awareness at support and resistance
Price (support/resistance) and time (Dow Theory, candlesticks) are the only methods of analysis
The market does not move in exact 15-minute intervals
Because as the price rises and falls, taking into account price surges, the rate of price change over time evolves
Honestly, you can’t reveal the correlation between price and time
You have to approach with the mindset of trading only by price
If you trade with support/resistance and pattern trading, the prearranged losses and profits will yield sufficient gains
The rest is whether you can follow that rule; I won’t do anything outside of a predetermined equilibrium