the.com/technical analysis
Astrology for markets, except the charts sometimes work by accident.
means A method of predicting future prices by studying past price and volume patterns instead of the actual business behind the stock.
from Traces to Charles Dow's late-1800s market observations, later formalized by traders like Ralph Nelson Elliott, who saw waves and patterns in charts the way others see shapes in clouds.
core beliefprice already reflects all known information
popular toolmoving averages smooth out the noise
critics saypatterns are often just pareidolia with numbers
still used byday traders, algo funds, crypto bros alike