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RE: S&P 500 Analysis: Wedge Pattern is Acuating
I disagree. Technical Analysis tries to understand price action..why? Because price action is the most direct reflection of sentiment. Fundamentals are not as direct but more downstream.
Do manipulations skew the TA? They can bend the waves but can't control it.
EW can also map out the boring sideways actions also....they just aren't very tradeable. For these, we use the WXY and WXYXZ combination sequences.