TA definitely works even here.... TA works everywhere...
Hell TA works outside of the stock market... TA works in FOREX, on scientific charts... Infact, my wife a few days ago introduced me to a fitness app she uses called My Fitness Pal, she showed me a chart that tracked her weight... Interestingly there was a rising flag pattern which is a bearish pattern, it rises at first, but then leads to a sharp decrease... Her weight sharply decreased afterwards...
Now, she didn't lose weight because of the pattern/ TA... But that's not how charts work either... The price doesn't go up or down just because a pattern shows up... People react to the pattern which drives the price up or down...
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