There's absolutley no predictive value in technical analysis or indicators
I think using the word "predict" is what makes the above statement true. However, I do not agree with the theme of the statement. Proper use of TA can help you define 100% mechanical setups that will provide you with probabilities.
How you trade these probabilities is a different matter altogether.
I think using the word "predict" is what makes the above statement true. However, I do not agree with the theme of the statement. Proper use of TA can help you define 100% mechanical setups that will provide you with probabilities.
How you trade these probabilities is a different matter altogether.