Comment by guybedo

I don't think it's as easy as "supply / demand" and everything is priced in.

There's many forces at play here, and many different ways to play the game.

Markets are not that efficient, not everything is priced in. Earnings would have 0 effect on price if that was the case for example.

Whether you play the market on higher timeframes or on lower timeframes, different factors come in to play.

I think it's obvious that chart patterns are a thing, (shameless plug here: i'm building https://edgefound.xyz, an app to create and backtest complex trading setups). It's actually interesting how many patterns (or setups) repeat across markets and timeframes. Mostly because prices are set by traders and traders react in the same way to the same events / price movements.