I'm Not posting about the OTC. I'm posting about the chart patterns. Chart patterns take into account all things which effect companies. Including financials, fundamentals , management action, contract pipeline, news, economic reasons, technical, ETC. As they present a historical projection of trader and/or investor reaction to those things.
Things happen within a company and individuals make entry/exit decisions based on what they look at. Everyone makes those decisions for different reasons. But history of price action is the account of all these decisions. And patterns repeat, no matter why someone buys or sells.
TA & charting is a picture of action. And action can be based on any reason. So WHY is baked in. WHERE NEXT is the projection one derives, based on movement seen repeatedly. And history repeats.
Basic, simple and clean,
A pattern is a pattern, no matter why the pattern forms.
