Is Technical Analysis Still "Reliable" in Times of High Volatility?

Technical analysis evaluates stocks using charts and other tools to pin down patterns that suggest future market activity. Charts are still charts regardless of market conditions. In times of high volatility, the pattern is merely down trending. A pattern which took weeks to trace out in low volatility times can take only hours or days to move in a highly volatile market.

Let's take stock ABC, which bounces off a trend line three times. This does not mean that it will bounce off again the next time it approaches the same trend line. What you do is manage the trade so you can stay in the market while it is trending and exit when the market tells you to exit.

Technical analysis is more of an 'indicative' rather than a predictive tool. Let's say a technical system works profitably at a range of market volatilities. Do market dips and surges cause the system to be less accurate? If yes, then tweak your system. Add coding which allows the system to function accurately in the specified range before it issues a buy signal.

Technical analysis works under any market condition, but it simply gets harder to profit in a financial crisis.