Why Technical Analysis Is Said to Be Blindfolded

Why people say it’s a blindfold?

Technical analysis looks at things from a single indicator only

That’s not all

By including multiple indicators in one timeframe

it becomes, conversely, more complex and creates too much noise

Basically, analyzing markets involves

looking at multiple timeframes,

but the parts usable for trading are

when there are multiple types like scalping, day trading, and swing trading

In other words, using multiple timeframes

is aligned with a swing perspective

Therefore, if this is

scalping or day trading

it means using the range of 1 to 30 minutes

The obscured parts are

because people try to determine market quality through technical analysis

In other words, it’s analysis by technical analysis rather than analysis by price and time of the market

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