one man's humble opinion, but its niether, technical analysis like that is BS. TA in general is almost complete puffery.

dirty little secret incoming:

there's really only two types of trading 1) momentum and 2) mean reversion

momentum basically boils down to if stuff has gone up, it will continue to go up, and visa versa

mean reversion says if stuff has gone up alot, it will go down, and visa versa

there's a myriad of info on both styles in a quick google search, but this article talks about both styles:

https://alphaarchitect.com/2017/08/30/short-term-momentum-and-long-term-reversals-can-coexist/