Technical analysis, trying to glean patterns from the buying and selling activity of many different agents with various motivations, is kind of like trying to get useful information about the distribution of appearances of mentions of unseen character "Bob Sacomano" on Seinfeld, who is mentioned perhaps a dozen times throughout the run of the show.

By which I mean, the pattern is not there for any good reason; they just decided to use Bob Sacomano whenever it was funny or appropriate. Looking at the past distribution of "Bob Sacomano" would not help you to predict the next time they will use that character.