How Volatility Can Misdirect Your Technical Analysis

From dailypriceaction.com

Technical analysis is a blend between an art and a science. It cannot be one without the other. While its inner-workings are somewhat of a mystery, one thing we do know is that it relies on market perception. A pattern or level that stands out as obvious to one experienced trader is likely obvious to many other experienced traders. Through this idea of perceived value, technical analysis just “works”. But what happens when a level or pattern is only obvious to a handful of traders using the same broker? Heavy volatility, which is common in the Forex market, can cause this to happen. So instead of seeing things ... (full story)