RE: 381 back to 36329 Dec 2021 17:19
Just not sure comments like if it drops below a channel then it will go down more are particularly useful. Its between xmas and New Year, volumes are low, prices are volatile, and the world outside covid wise is getting grimmer by the day. Technicals couldn't be less useful at ths time of year in my view. Focusing exclusively on technical guides is an incredibly dangerous approach at the best if times, nevermind christmas trading hours. Too many people just only looking at lines on a chart, chart says has to do this, has to do that. Not picking anyone out with that, just in general, way too much of that going on, and its exhausting to read it everyday. Chartists are like gamblers, you only ever hear of their wins, which will be 50/50 at best. If people stopped looking at charts and looked at the news we'd be trading at over £10, not at some mythical chart line support/resistance/ma/fibonnaci point.