I believe News and Events don't drive price but rather price drives news and events. It seems very upside down, but Technical Analysis believes that price is a more direcet and upstream reflection of sentiment than news or events which is more downstream.
This is why Elliott Waves states that news or events shall arrive to justify the forecast, and never the reverse.
I believe it. That the charts reflect the non-local event taking place that is the news, is the price, sentiment, everything.. Like full moons, babies being born and people acting loco.