TA Patterns, from Nigel Davies
TA patterns could have an influence on markets, whether or not they actually work. For example they could provide a kind of 'mirage effect', all of which helps us chase our tails and generate friction (and no doubt much numerical stuff does the same).
Are scientific studies on TA patterns the final word? I don't know, but I very much doubt it. Some TA practitioners who have made very good calls (like the ancient Brian Marber) say it's an art rather than a science.
GM Davies is the author of Play 1 e4 e5: A Complete Repertoire for Black, Everyman, 2005