There is no question that pattern recognition is important in financial markets, as similar market conditions frequently cause participants to employ similar strategies in an attempt to get good trading results.<p>Having said that, U.S. business networks bring analysts on who will say something like the following, "Of the six times we found that similar conditions existed since 19-whatever, four times this was the result, one time this was the result, and the other time this was the result."<p>See <a href="https://www.cnbc.com/kensho/" rel="nofollow">https://www.cnbc.com/kensho/</a> for examples of such analysis.