TA doesn't work?
TA does not exist?
Are we doomed only to use market information?
Are we able to determine the chart based on the technical analysis?
Does technical analysis really work and can it be based on further moves?
Here are the answers to my questions.
No, no, no, yes, yes. :)
Technical analysis exists, works and is doing well.
It makes it easier to determine whether it will fall or go up.
Technical analysis informs us whether it has moved or will go further in this direction or maybe not.
Of course, it will not always work 100%, because if news comes yesterday regarding DGB and the trend changes
, or if there is another news regarding PayPal then our way on chart may simply be delayed.
Nevertheless, I encourage you - before making an investment decision - make a technical analysis on the chart but also make an analysis of the project and related news. This will help you make the right decision.
