After decades in the markets, one truth becomes unavoidable: technical analysis doesn’t work because of the sheer number of tools available. It works because of convergence.

Over the years, traders have created an endless list of technical tools. Trend-following, indicators, oscillators, Fibonacci levels, Ichimoku Cloud, Trade pivot lines, trend lines, Elliott Wave, volume studies, VWAP, and countless variations and settings of each.

Most traders are introduced to these tools with the hope that one of them will be the answer. It never is.