[Trading Tips] š Technical analysis is not a crystal ball!
You open your chart.
Draw trendlines. Mark support and resistance zones.
You zoom in, zoom out. Add RSI. Check MACD. Turn on moving averages.
You're looking for that āperfect signalā ā something to tell you exactly where price will go.
You think, āPrice is about to pumpā¦ā
ā But then⦠the market moves the other way.
You wonder: āWhy is my TA not working?ā
Itās not that TA is wrong.
Itās that youāre using it the wrong way.
š Technical analysis is not a crystal ball.
It doesnāt predict the future.
It helps you build a favorable trade scenario:
ā Enter at logical zones
ā Cut losses quickly if you're wrong
ā Let profits run when you're right
šÆ Price can go up or down ā but you can still make money if you manage risk correctly.
š Trading is a game of probability ā not certainty.