Charts mean absolutely nothing. They cannot predict even 2
minutes of trading. They cannot take into consideration all
those incomputable variables in the stock game. There are
human behavioral tendencies, buyout possibilities, market
makers behavior, company information, false PRs, correct
PRs, false financials, correct financials, stock manipulation,
pumping and dumping, etc, etc. We cannot handle that many
variables in any possible applicable modeling/statistical
adventure.
All you do by looking at charts is look at the past.
They say nothing about the future.
Therefore, I never pay attention to any charts whatsoever.