All stock movements can be tracked by traditional chart patterns. Charts are a technical language representing what happened to volume and price changes, in variety of ways of the activity through indicators, oscillators, etc. looking back.
The challenge that I see often comes in the interpretation of charts, patterns and what they may mean. Visually how they look may even be more challenging based on the scales chosen, simple or exponential averages.
The horizontal scale (time) chosen can make price changes visuals more challenging to interpret.
"Beauty is in the eye of the beholder" applies here and different interpretations may seem in line to what the observer's tendencies. However, T/A has historically come up with interpretations of certain patterns and what they seen likely to follow.
"The stock market goes right on repeating the same old movements in much the same old routine. We see the same forecasting patterns developing on the charts today that we have seen over and over again for the past twenty years. Neither the mechanics nor the 'human element' of the stock market have changed, and there is no reason to think they will." Quoted from Robert D. Edwards dated May 1, 1951 from "Technical Analysis of Stock Trends" by Robert D. Edwards & John Magee.
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