[Question] Is technical analysis really affecting the market? I’ve started to think recently that it might not be affecting it at all. [Answer]
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【Questioner】
Does technical analysis actually affect the market?
I've started to think lately that it might not affect it at all
I'm also troubled by the fact that the market doesn't move in the direction of technicals
I thought that would be the natural answer
【Answer】
You might think so, but
when you display technical analysis on the chart in the first place
it is shown with the default values, right?
At this point, many traders are looking at the technical analysis with those default values
This is the same on sites where a different chart is displayed
Hedge funds also do not display a lot of different technical analyses
They use long-term timeframes or combine two technical analyses
It’s fairly simple
However, since both acknowledge that technical analysis does influence the market to some extent
they use that technical analysis
So I believe that the market is indeed moved to some extent by technicals
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