Throughout my career, I had many discussions with traders both beginners and professionals regarding the advantages of technical analysis.
Rather than engaging in long discussions and sometimes arguments, I prefer to present a price chart and let it do the talking.
After all, a picture is worth a thousand words!

What do you think is the direction of the S&P500 on the Daily timeframe?
Did you say upwards?
Then I agree with you.
Not that hard after all!

Of course, the rationale for identifying this uptrend is behind the sequence of higher tops and higher bottoms.
Technical analysis at the speed of light, as I usually call it.
Now, let’s look a the EURUSD on the daily timeframe.

I am sure you will agree with me that this is a downtrend.
But for the non-believers, let me present the following chart identifying a series of lower tops and bottoms.

A textbook downtrend at its best.