June 28, 2010

Dow Jones Triangle and Eur/Usd Channel

UPDATED CHARTS OF THE BELOW POST
DOW JONES TRIANGLE

EUR/USD CHANNEL 
  • The triangle gives a false break out.
  • The eur/usd channel has broken. An hourly close below the channel will confirm the breakdown

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DOW JONES TRIANGLE
EUR/USD CHANNEL


  • The fate of the Triangle will be decided by the channel.
  • If the channel gets support and followed by an up move the triangle will get an upside breakout.
  • If the channel Breaks its support line and closes below it,  the triangle will dow the same.

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