Technical analysis is fortune telling. It is crap. More than that, it is a scam. You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.