People somehow feel insecure most often, and they love others to give them a direction, a thought process, whatever.
Technical analysis is one way to do that, not more. I always point out that whenever I say a price, it is only a rough estimation of a possible zone of market reaction. Like "if it climbs, target 1.074x" (because in reality there's a Pivot cluster and an extention....) Nobody can really predict the future. Some of us just like to read (or analyse) charts..
It also gives us reason to talk more about what we all love
I did a nasty technical on my bloodpreasure weekly chart yesterday. It says: "see the doctor, the damn pills don't cut it"
But seriously, if you really want to get into it: trade naked! (the chart, not you)
you are not expected to understand this
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