Nonsense Technical Analysis That You Should Avoid

Why traditional technical analysis methods—like relying on pin bars, hammer candlesticks, and basic support/resistance levels—can lead traders astray. Despite bullish expectations from geopolitical tensions in the Middle East, crude oil continued to decline, taking out key levels many traders thought would hold. Alex highlights how overly obvious patterns often fail and why relying solely on textbook strategies is risky.

Instead, Alex used a combination of seasonal trends and market sentiment to predict this move. Crude oil historically shows a bearish tendency in mid-October, and this insight helped members of the Seasonal Vantage Insiders group capitalize on the drop.

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