The Oracle Effect: Why Traders Over-Rely on Technical Indicators | IM7 Intelligence Ep. 40
Technical indicators are among the most widely used tools in financial markets.But what if the biggest risk isn't the indicator...It's the psychology behind trusting it?In this episode of IM7 Intelligence, we explore *The Oracle Effect*—the tendency to treat technical indicators as sources of certainty rather than tools for organizing information.You'll learn how confirmation bias, belief perseverance, pattern recognition, the representativeness heuristic, and the illusion of control shape trading decisions, often without traders realizing it.Instead of asking which indicator predicts the…
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