nice image
i call it TREND ANAL's.... emphasis on the anal
which is different from TECHNICAL analysis
.. but yea
if people are just drawing lines on a chart, where they they are just finding 2 price points to line together.. thats not technical.. thats trend.. and is just pointless

anyone who has ever had a girlfriend or wife knows. if you had sex for the last 3 weks does not guarantee your gonna get it the fourth week
if you ate pizza for the last 3 weeks doesnt mean your gonna want it as much the 4 week
if you have  new born baby that peacefully slept 2 nights in a row, does not mean your gonna get it to happen every night

if you just look at a stat and draw a line. its meaningless and just poorly done trend anal