The technical analysis is just like the weather forecast. The latter is useful because it helps us to prepare for what is likely. If the forecast calls for rain, we bring our umbrellas with us when we go out. We know that we might not need these things, but more than likely we will and we like to be prepared.
Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time.
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