This is a good post! You're showing the DAX... and it's fact... "Price TA works in ALL MARKETS... AND ALL TIME FRAMES" (There are also a few others on that chart that you didn't highlight). How can that be?? Because it's showing where buying and selling changes from one to the other. Doesn't matter the vehicle... stocks, bonds, gold, oil, mop squeezers! All the same.
Moving Averages work to a degree. The ones most followed are the 50 and 200 day. When they act as support/resistance, they are actionable.
Thanks @Scataphagos -- for what may be the best thread on this forum for understanding S/R and how "Just the chart" is all that is necessary. Many have posted similar threads But your presentation is clearly the Best. Will make the donation and hope others do as well!
My heart soars. I currently have 3 dogs... have sometimes had 4 or 5. Thanks from all of us, past and present.!
BTW @hilmy83 (https://www.elitetrader.com/et/members/hilmy83.511045/) seems to be a good one to have on your team of followers as He appears to be dangerously Well Armed.
Still waiting for the day that you start a journal with live calls instead of just some hindsight drawings every now and then, or show some actual executions on your charts. Everything after the fact is worthless.