Cool, where did you get this candle chart from?
NinjaTrader + BTC-TC API.
1. Charts do visualize what "the market" does and TA "works" to a certain degree. And while patterns can perfectly represent the underlying sentiment, it is not possible to account unpredictable external events due to their unpredictableness. You might assume "there is currently undecidedness and a breakout will follow soon" for example, but this is as far as you can go related to stocks like LAB, because you can't predit the actual outcome of that external event (= do they deliver chips or not).
2. You claim LAB is going down, though you couldn't provide any reasonable explanation to back this claim. Same goes for "the charts tell!".