The persistent fixation on the search for the "holy grail" in market analysis often appears to be exaggerated. Fibonacci retracements over time and geometric analyses of trendlines tend to be unreliable. A trend remains valid only as long as it is not actually broken – anything else is speculation. In hindsight, patterns and evidence can always be constructed to support seemingly "correct" predictions. However, the reality is that reliable predictions are nearly impossible. When the market eventually turns, there may be a sense of validation, but the number of incorrect assessments made beforehand is not negligible. Such misjudgments have not only cost time and money, but also the trust of many involved parties.

Here's an easy thing to do if Peter says I don't think it will happen… Then it will happen

This guy is literally like the boy that cries wolf I mean, every day, the same thing, wolf, wolf, wolf! Every single day the same thing go to his YouTube channel. He's been saying the same thing for years, not days, not weeks, not months, but years! His last video he even exclaimed look at these trend lines. Look at these trend lines and guess what? We broke through those trend lines he hasn't done an update since why because he was wrong. When he's wrong, he just moves onto something else, but he still cries wolf…