Better have a look at what Euan Sinclair has to say about technical analysis. It's the 5th or 6th answer from the top.
Answer (1 of 55): Tom Costello’s answer is the only one that is close to being good, and even he pulls his punches a bit. No. Learning technical analysis is not worth it. TA is garbage. There will of course have been traders who have succeeded by using TA. But this is utterly meaningless unless...www.quora.com