Technical Analysis is one of the most reliable mode of analyzing the financial markets. If I have to rank them, Technical Analysis is even more important than Fundamental Analysis as it can parallel the movements of real time trading which Fundamental Analysis cannot do. Hence, Technical Analysis is widely used in the investment community to decide on the direction of the market. However, many times, users of Technical Analysis have chose to ignore the weaknesses in Technical Analysis. I will briefly mention the weaknesses here.
