Disliked{quote} Thanks for your comments but I maintain what I said. It's all hindsight and especially: pareidolia ==> a basic human instinct to see patterns where none existIgnored
BUT who says they do no exist ?
Somebody has "tested" the demand lines and lost money or someone's inability to convert market messages (pure buyer and seller generated price action) to a positve cash flow means that the patterns does not exist ?
Is it not a pattern that somebody buys a product a lot and the price goes higher and when there is no more sellers left the price stops to go higer and often starts to sink. On the chartd this can be seen in very very clear patterns.
After all the key thing is what are you going to do with the information you see or do not see.
Do not except the patterns are like exact signals to buy or sell. No, they are just information and knowledge. It is a trader's job to combine different market inputs to a succesfull buy and sell signals.
But of course if you are a God then just buy bottom and sell high