The Art and Illusion of Technical Analysis in Trading

The proliferation of retail platforms - those digital canvases for charting lines, squares, triangles, and loud proclamations over price charts-has turned technical analysis into a peculiar form of art: charting. Meaningless and merciless, it has captivated the hearts and souls of retail investors, who draw lines upon lines, filling social media feeds, even lifestyle Instagrams, with their creations. Today, this is what we call technical analysis. The visual appeal is understandable.