There is no reason to ignore the technical analysis at this point, market research shows the power of technical analyse. The market trends can be measured in trends and the best way to find the trend is the technical tools. Everything is possible with your logic, in this case.
but what we have to know is that even technical analysis cannot provide 100% success.
the market has growth that even we cannot predict with technical analysis. all happens with a market will. prediction is only a speculation based on our analysis. something might happen, it might not happen. we still have to prepare for all that.