Price action is just a reflection of all it's participants. While I think technical indicators are largely just window dressing, there are certain patterns and situations that often yield similar results. If you only trade those it is possible to have an edge.
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I would have to guess your referencing The StochRSI or RSI when saying TA has any edge. While over a short term you may find profitable trades. It is almost certain if you relied on any TA indicator or multiple indicators alone. Over time you would loose more then you gain.
Either that or your saying "buy the dip" :P
Actually that is the opposite of what I am saying. I am saying that certain price action patterns tend to repeat themselves, such as overbought and oversold conditions combined with several other indicators provide for scalping opportunities.
So more alike to "head and shoulders" or "3 buddhas"