/biz/ - Business & Finance

>"TA is just part of the decision"

Makes no fucking sense. If there is no statistical advantage to TA then what the fuck does it matter? None of the indicators do anything, nor do candlesticks. These are very easy to backtest with minimal coding skill on tradingview.

"Support and resistance" are not real. They're literally just noise. Price action is mostly random with a trend or occasional major volatility. There is also no way to predict the trend using past pric action. To demonstrate this, here is a randomly generated stock chart. Look at the obvious trend? Wouldn't it be obvious to buy on that line or sell when it falls below? Except it doesn't fucking matter, because each tick is just a coinflip.