What will happen if every one in a market started using technical analysis?

I’m really curious about this. Will the indicators start becoming more accurate? Will the market be more competitive?

These_Basket4666 says:

February 16, 2022 at 10:47 am

Even if everybody started using TA nothing would happen. The reason being any decision regarding buying and selling is always taken on the basis of TA plus a trader’s person experience. TA is there to show a snapshot of the market, traders generally have different entry exit strategy which is created after multiple trial and errors. Thus, a thousand traders may only use RSI as a indicator. However, they may use RSI in a thousand different ways as per their experience.

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Critical-Bad-7952 says:

February 16, 2022 at 10:47 am

I for one feel that 1800 is a strong support
No analysis just gut feelings

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dreminemgk says:

February 16, 2022 at 10:47 am

Yes! If everyone thinks that 1800 is a strong support then 1800 will be a strong support, if everyone starts to believe that a price increase follows after a golden crossover then a price increase will follow after a golden crossover, if everyone believes in RSI divergence then RSI divergence will work! TA is self-fulfilling prophecy!

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