/biz/ - Business & Finance

>>11474518
If you don't understand TA, which is the case for 95% of people, then yes, I agree. TA is not about drawing arbitrary lines or even about indicators. In fact, indicators are BS, Elliot Wave is BS, the concept of fibonacci ratios in financial markets is BS (although, its application could be useful), and many other things are indeed BS. But there's a very real, and very useful part of TA that does give you an edge. But I'm not here to try to convince you of anything, I'm totally OK if you think TA doesn't work.

>>11474166
If you want to apply traditional TA to the situation, I'd consider "out of the woods" after forming a higher high above 6800, and crossing above 7400 would be the confirmation.