/biz/ - Business & Finance

areas of historical support and resistance highlighted on a market profile will always have an effect on price discovery. Gann fans and fib levels often work if for no other reason than millions of people believe they do. (mark a fib retracement from the bottom of a large spike to the top on gold for an example and very often the price will retrace to the 0.63 or 0.72 fib lvl then fly back up and take out the highs

basic candlestick patterns with confluence will often work as well. trailing indicators like RSI are shit IMO. but believe what you shall