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Actually, if too many people watch the same signals, indicators or patterns, TA doesn't work too well. It's like as if everybody wants to get into or out of a room at the same time through the same door.

It is an additional tool for your trading or investing. Many pros use it, others despise it. (Maybe they didn't really look into it...?)

Personally I find TA is extremely useful to give a picture of the stock market or a particular stock. Is it overbought, oversold (=is it expensive/cheap)? Is it in a trend (up/down)? etc.

There are of course many different techniques, some very esoteric (eg Elliott Waves). Some even trade by astrological signals...

To each his own, use what works for you. With the time you will develop your own system, which signals/patterns/indicators you want to watch and suit your time horizon. 

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