In financial markets, there are certain price levels that are more significant than others with regards to the amount of supply and demand that exists at them. In addition,prices are always doing one of three things. They are either going up, going down, or staying the same.
BHT does not utilize many of the traditional technical analysis techniques such as Gann Theory, Harmonic Patterns, or Elliott Waves. BHT questions and doubts the validity of these techniques and believes they are in the realm of Bigfoot and UFOs. They are fun to talk about, but hardly credible.