Sure, but whether you can explain those price moves w.r.t. to price data is an entirely different matter. If you can't, they're effectively random until you find some other data that can be used to explain the moves.
Do you need to explain it? Why? What if they behave in predictable statistical patterns? Who cares why?
Something is off with my semantics then. If price behaves in a predictable statistical pattern that's the same as saying recent price explains price movement. FYI I have no problem with that in special cases such as clean strong trends. My qualm is more about people thinking they will find lots of trades on an intraday basis purely from observing certain sequences of candles (themselves a fairly inferior distillation of higher resolution price data) in a single instrument. Context is everything.