I don’t fully agree that institutions never use technical analysis. Some use it alongside fundamental analysis to build trading systems. I think the distinction is that they typically have much more comprehensive data (order flow, market depth, sentiment etc) so they can paint a more complete picture than technical analysis alone.
I’m with you about focusing on price action, support and resistance and trying to block out market noise.
Basically, I think technical indicators CAN be useful in some contexts, but I wouldn’t base my trading strategy on it.
