Technical Analysis: Why It Will Never Work?

Indicators are a fake, and they will never work. Disable all indicators.

Trend lines are nonsense because they will always be broken. Candlestick analysis will deceive you too. Patterns have nothing realistic behind them: “head and shoulders”, “double bottom”, “triple bottom” — all of this is a myth.

So what remains? How to trade and analyze the market?

In fact, it is much simpler than it seems. In technical analysis, there are only two truly strong and effective strategies — support and resistance levels. If you learn to identify them correctly, your chances of success will increase by 70%.

Want to know how to properly analyze support and resistance levels?

Subscribe to my posts, and I will try to prepare a detailed post on this topic in the near future.