Hey, I come from a mathematical background (STEM) and I'm reading up on technical analysis. My question is why do we even look at those patterns?
The mathematical models behind those patterns (moving average, Bollinger bands, etc.) have no connection to the stock market. Why do we use them, and are they really helpful?
Let me put it that way, if we define a system of patterns, with the required structure (orthogonal system) we can easily build all possible ways the price of a stock can move. So how does something seemingly arbitrary help us in trading?
Submitted December 06, 2021 at 04:35AM by Schlonksi https://ift.tt/3po08uY
