How do traders rely so heavily on technical analysis (historical price patterns) while showing much less emphasis on real-time information? Are they highly susceptible to false positives, especially when they use multiple overlapping indicators?

Technical analyst uses can help you size-up the potential opportunities and risks of buying or selling stock. If you understand the advantages and limitations of technical analysis, this will help you to be a better trader or investor over the long-term. This crucial element of stock market helps to make better decision as a wise investor.

There are numerous courses in stock market To name a few institute such as Arihant capital, Udemy etc. ShareMarketShiksha provides ample opportunity for growth as trader and learn concepts of technical and fundamental analysis to make quick money in stock and commodity market.

(Source : https://www.quora.com/How-do-traders-rely-so-heavily-on-technical-analysis-historical-price-patterns-while-showing-much-less-emphasis-on-real-time-information-Are-they-highly-susceptible-to-false-positives-especially-when-they-use-multiple-overlapping-indicators)