Well, I think most day and swing traders which compromise most of the liquidity or volume in the market, are using Technical Analysis. It's a self-fulfilling prophecy. Professionals rely on these probabilities in planning out their trade. The success rate is over 80% because these indicators signal the BIG PLAYERS when to buy or sell.
Retail investors such as myself just go with our emotions-- our hopes and dreams. Doesn't hurt though to be aware of the technicals, and NOT just faith.
I'm new and open-minded. I am not being a contrarian just to be one.