Classic TA makes no references to 'predicting' price movements as written about by the founders, in fact they make that very loud in clear in their books. I never use the term 'predicting' with TA & don't know of any trader that is a practitioner of it that does. TA bashers are always dogmatic with their opinions & misinformed to what it is. Contempt prior to investigation is not very intelligent. Long & decent description of TA, the word 'predict' does not appear even one time! https://www.investopedia.com/terms/t/technicalanalysis.asp
"Technical analysis attempts to forecast the price movement of virtually any tradable instrument" "Technical analysts have also developed numerous types of trading systems to help them forecast..." "Fundamental analysis and technical analysis, the major schools of thought when it comes to approaching the markets, are at opposite ends of the spectrum. Both methods are used for researching and forecasting future trends in stock prices,.." Tomato, tomatoe. Kindly, if I may ask, provide me an example of how you use TA. If not, that's ok. I am just asking if you may. I'd like to understand you more and where you are coming from.
In the documentary “The Great Hack”, they trace the arc of Cambridge Analytica’s use of Facebook data and the shift from the commercial use of targeting ads to a political one. Facebook has ~ 5000 data points on any given user and that user can be categorized as “fixed” or “persuadable.” The newsfeed can then be programmed to further reinforce the individual’s echo chamber. You started a thread with a particular theme which further reinforces your own echo chamber and quite literally a prison of your own mind via the beliefs you have chosen based on opinion interpreted as fact. Congrats! Welcome to the world of your own making.
I accidentally hit the keyboard - ooops. With forecasting you are looking at new data constantly as it is received & will adjust accordingly (dynamic). When you predict you are attempting to make a static guess as to what will happen in the future. I sure never use the term forecast & here again don't know of any serious practitioner of classic TA that does. Although that term 'forecasting' does appear in some TA books. A lot of retail traders do make predictions - I sure don't.
To add on, prediction and forecasting are attempts to create a static state of an inherent dynamic flow of market information. A better frame of reference would be the use of anticipation. One can know thing by knowing all that it is not.