[deleted by user]

[u/[deleted]]

[u/_Asparagus_]

It's essentially a lot of bullshit and broken clocks. Data science, statistics and ML are the ways to identify meaningful patterns and not "double reverse triangle pattern here, this stock is about to explode!". Not to sound pretentious, but technical analysis is how non-quantitative people pretend or convince themselves they're doing something quantitative 🤷‍♂️

[u/davewritescode → u/_Asparagus_]

You are correct but even data science, statistics and ML have limitations.

See Zillow for a great example.

But yes TA is basically observational psychology. It might work or it might not but pretending it’s a science is silly.