DSEX Index - Will History Repeat?

DSEX Index - Will History Repeat?

What is Technical Analysis? It is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume (from Wikipedia). The basis of TA is:

- Market action (price) discounts everything: Technicians believe that the current price fully reflects all available information.

- Prices move in trends: That is price movements are not totally random.

- History tends to repeat itself: Technical analysts believe that investors collectively repeat the behavior of the investors that preceded them. Because investor behavior repeats itself so often, technicians believe that recognizable (and predictable) price patterns will develop on a chart.

Source: Wikipedia

Considering the third point, will we see History Repeat Itself - or will it be a new scenario?

Following is a chart of DSEX from around July 2014 to Jan 2015 . . . 

Time will tell . . .