Trump Media and Tech Group (NO Politics Allowed) (DJT)

[Hattori Hanzo]

TA rules the market. You’re 100% correct. The lines are the lines, and they are adhered to unless and until there is a catalyst to break through either up or down, and that’s where new lines are drawn from, and then those lines are in charge and so on and so forth.

So many times, news is released as price is approaching one of those lines, in an attempt to break the uppers or in the case of bad news, at a point where they hope the lowers can support the bad news. Nobody is releasing bad news while price is already sitting near support, it’s self-sabotage.

TA dictates price action for the VAST majority of time as day traders are most responsible for the daily action. Fundamental investors shouldn’t really give 2 chits about what happens day to day, they believe in what they think the end result will be. The problem here is that a bunch of fundamental investors are hanging on every 5 minute candle. They’re emotionally invested and they feel the need to support or defend the company despite what the TA says. Fundamentals and TA are 2 different languages as you know, there will never be a middle ground between the two