[a “technical analysis” chart shows a lot of silly things: a bull flag, a falling wedge, a hairy bear channel, a bidet loop, a top bottom, a blood candle, and a testicular squeeze]
[character] Isn’t all that “Technical Analysis” stuff basically astrology?
[proud traderbro, index finger up, in his STONKS hoodie and backwards cap] Oh yeah? If TA doesn’t work, then how come most daytraders use it to successfully lose cash?
I used to work in a high frequency trading firm. Our company’s existence was based purely on whether we could predict growth or loss with more than 50% accuracy. We sometimes looked at TA when we needed a good laugh.
TA is marketing. Someone wants you to buy a stock, so the result is “it grows”. Then they draw lines and write big words to pretend they arrived at that result through data analysis.