Haejin - the price drop "correction" was because of an error found in the code. I'm curious as to how TA accounts for patterns that could not have been predicted. Part of me believes that the correction should be almost disregarded, but the other part of me (the one that you probably religiously adhere to) is that the "how and whys" of chart patterns don't matter. The chart is what it is.

I know we have talked about the role fundamentals and narrative before (XVG going to 5.50). My belief is that TA is tool and only part of the analysis. You also have to look at other factors and the narrative of what's going on.

Take Equifax as an example. TA wouldn't have been able to predict a breach (obviously), but at the same time, if you were just looking at the chart and not reading the narrative, you might think it is a correction. However anyone reading the narrative wouldn't need TA to know that Equifax's price will not recover anytime soon.

Is it unsafe to completely rely on TA 100%? I assume not, TA can't be flexible. In other words TA analysis can't be personally adjusted if you know other factors.

Curious to know your opinion and if you initially thought like I did before you fully embraced TA. Thanks!