Does the effectiveness of technical analysis diminish as more traders adopt and use the same techniques?

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what do we know about the profitability of technical analysis Informational

• How can technical analysts identify and avoid false signals or whipsaws that can lead to losses?
• Is there a difference in the profitability of technical analysis when applied to liquid versus illiquid markets? How does the opening range of a trading day or week relate to profitable technical analysis strategies?
• How can technical analysts use pivot points to identify potential support and resistance levels for intraday trading?
• Can technical analysis be used to predict the outcomes of political or economic events?
• Can technical analysis be used to predict the behavior of illiquid or micro-cap stocks?
• How can technical analysis be applied to options trading to enhance profitability and manage risk?
• How can technical analysts build a robust and adaptable trading plan based on technical analysis principles? What are the key performance indicators (KPIs) that technical analysts use to evaluate the profitability of their strategies?
• How can technical analysts develop a trading psychology that allows them to remain disciplined and objective in the face of market volatility and trading losses?
• Are there any research studies that have investigated the profitability of combining technical analysis with sentiment analysis from social media?
• What are some of the most widely debated topics and controversies regarding the profitability of technical analysis? How does the interpretation of technical analysis signals vary among different analysts and trading styles?