Post
Topic
Board Trading Discussion
Re: Do you believe Technical Analysis?
by
noorman0
on 27/09/2023, 08:58:30 UTC
-snip-
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?
There is no prediction that is 100% accurate, so the results of technical analysis will be subjective depending on how traders interpret price history which they then process into an entry signal. Actually, it is not a matter of trust but of possibility, in fact traders are very flexible to change the type of analysis used if it is not profitable enough.