Different technical analysis tools work well in different phases of the market. In the active, impulsive phase, the Fibonacci retracement and dynamic support and resistance lines work well. In the capitulation phase and sideways movements historical support and resistance levels work best, dynamic lines work worse. 

These comparisons can be made further, and the main message is the volatility of the market, which a trader should always keep in mind. There are no universal and all-weather tools, there is a large arsenal, which you need to be able to juggle, choosing the best for today. It's called experience.

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