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I've certainly spotted various T/A patterns in a chart of water storage levels in the past.
It happens yes.
That doesn't make it the cause though.
I mean, sure, technically speaking, if you chart a certain variable where if it does this and that pattern, the causal result on this and that other thing will or will not happen. So technically, chart-wise, certain pattern will result in certain thing being true - without fail.
For example, if rainfall is rising off the chart, if snowfall is high... water level in the dams will rise and be filled. So there's a causal relation there.
But I think it's illogical to infer from certain variable causing certain event to mean that if, say average world temperature, rises and does a "double top", it will mean the next x year will see temperature dropping down... why? because the chart pattern in stocks have always shown it will (with stock prices).