Could you please show a hypothetical description / text of the context and what is the TA that generated it ?
From your level of inference, it’ll sound like a foreign language. What’s your trading time preference?
If traders abandon everything you call a waste of time, they would be caught in a logic loop. Because according to you, trading is a waste of time. So then they would not be traders....So how could trading then be a waste of time, if they are no longer trading because trading is a waste of time, and so they are not traders?
TA tells you what the market is doing. It's up to you to figure out if the probability of it continuing to do the same thing presents you with an opportunity to profit from what the market is doing.
TA defines the dollar risk & profit target. It can help you pin down the apex where a big breakout is more likely to occur. The stock gaps out of any overhead resistance to an new all time high with volume extremely larger than it's long term avg. Next step is to see if a trending move will setup with a lower risk entry - and it did. A half mast flag developed after the first hour which setup a lower risk entry as price constricted. The flag suggested another equal sized move up was possible. * blue boxes are the same size to show how well the half mast flag forecasts the length of the 2nd leg up. Often it forecasts the top precisely - this one was close. * the flag is where the institutions accumulate - this level they will protect making the trade that much less risky.