If enough people believe it then it works and hence it’s not randomness and can be exploited to make money. Much like it’s important to always say to your crus

If enough people believe it then it works and hence it’s not randomness and can be exploited to make money. Much like it’s important to always say to your crush that you are the most compatible sign. All sorts of BS narratives dominate the stock market, TA can be thought of as a meta-narrative. Some quant hedge fund understood that sunny days in Manhattan are correlated with the market going up, TA could be the same, if some particular chart figure emerges then it prompts people to buy or sell thus creating the same effect of a sunny day in Manhattan. logically speaking both the sunny day and the peculiar TA chart appearing should not prompt people to buy or sell a security who are we to question their psychology? And most importantly why question it when we can exploit it? Other people would turn around and exploit our psychology when being in a good mood due to having made money on the stock market exploiting the TA meta-narrative , people in a good mood are notoriously more likely to spend on stuff and even overpay for it