I think I agree with you totally. There is a book called evidence based technical analysis which looked at over 4000 technical indicators and found almost all of them were no better than a coin toss...
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch