Technical analysis is all about hindsight (even Dow Theory)—the reason why pattern recognition is the only thing that matters
Direction of one-way concept
You only challenge with a long-term perspective through short-term entry and stop positions
Dow Theory is just a post-hoc proof after it has formed
The concepts of short-term and long-term timeframes are also post-hoc
Basically, you trade before it forms or after it forms, but
when you enter, it returns or changes shape. Then the long-term chart shape changes and it ends
The market moves based on the long-term time frame, but the long-term time frame often breaks
so relying on the long-term time frame at all is basically wrong
Therefore, interpreting multiple timeframes becomes nothing but noise
The concepts of multiple timeframes, Dow Theory, candlesticks, and technical analysis are all useless
Because even when things seem to go well, movements often change in the middle. In other words, it doesn’t fit well
There is no way to analyze it. It’s only because it happened to be like that in the past, and there is no guarantee
Not analysis, just a coincidence that such movements appeared in the past
So 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 captured by technical analysis are reflected
Pattern recognition is only reflected on the chart
There is only either the main chart’s movement or the price in words to analyze
It’s enough to know the reasons and concepts that Dow Theory and candlesticks form; nothing else is necessary
Trend lines = meaningless
Support and resistance = meaningful because they are price ranges
Even without looking at the chart, you can understand movements just by looking at price ranges
It’s just about awareness around support and resistance
Price (support and resistance) and time (Dow Theory, candlesticks) — these are the only methods of analysis
The market does not move in perfectly 15-minute intervals
Because as price rises and falls, considering time, the rate of price movement changes
Honestly, there’s no way to uncover the relationship between price and time
We have to trade with the mindset that relies only on price
If you trade with support/resistance and pattern trading, planned outcomes for stop-loss and take-profit will yield sufficient profit
The rest is whether you can follow those rules; I won’t do anything outside of the expected harmony
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