Does Technical Analysis Predict the Future?

Royal Bank of Canada (RBC)
This is the only Canadian bank for which a Sell Short signal was triggered almost a month ago and since then no sign of a reversal has been observed. The technical charting analysis used here is based on the overall market sentiment and behaviour reflected in price fluctuations and trading volumes.
Strangely enough today Moody's downgraded 15 global banks and RBC was the only Canadian bank downgraded.
Do we predict the future? No I don't think so. Unlike fundamental analysis, technical analysis is a sort of brainstorming, it's like wikipedia which is probably the world best encyclopedia. It reflect the sentiment & attitude of all investors in the market toward a specific stock. The news comes in after; it interprets and communicates the sentiment and attitude in plain language. Sometimes that news seems to be based on specific information on the company, which in most cases is available to the public.
That is one of the main reasons why technical analysis appears to be predicting the future, when in facts it just tells us what is taking place in charting language before the news publishes it in plain language for all to understand.