And it destroys trading accounts. Newer traders should never rely solely on patterns for trade execution. Reading price patterns requires little effort while serious study is needed to interpret technical indicators. So many newbies take the easier path and fail miserably when their profit depends on correctly interpreting these complex tools. Technical indicators filter out the bias of the organizing brain.
Physics teaches that energy sources leave telltale signatures in the form of exhaust or radiation.
Similarly, patterns with true predictive power should emit evidence that indicators can detect and measure. When signals converge through these discontinuous forms of analysis, odds increase sharply that the trade setup is valid. Shorten your learning curve by understanding two common quirks of indicators. Over the years, endless variations of the same few studies have been published. Stick with the classics until they stop working for you.