Chart Formations?

Is there any predictive value in seeing patterns in my equity curve?  My friend Andrew sees a double top, which may mean a down leg in equity is near.

Ignoring the initial up leg, I see recent higher highs and lower lows, which might mean the trend is up.

Then again, patterns might have no relevance at all to future performance!

Maybe the same could be said about chart formations on price charts...

Up 22.2% for the year.