Same goes for TA. If people don't trade according to then they make no sense. TA is all about finding patterns, and you can find patterns in everything. That doesn't mean that a moving average fibonacci triplestep reverse moon retracement will do anything.
And ultimately it retraced like half that move instead of continuing the move upwards. And ofc TA isnt 100 percent right but it does give you a plan when to exit if it doesn't "" triple reverse moon ""