UPDATED CHARTS OF THE BELOW POST
- The triangle gives a false break out.
- The eur/usd channel has broken. An hourly close below the channel will confirm the breakdown
DOW JONES TRIANGLE
- 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.