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
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DOW JONES TRIANGLE
EUR/USD CHANNEL
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8FgzrNBGwVRcRFz7NoSOGkA6OFqFgbW6mRyqCeHonIXRgzDXHbix4UmF5A7al29ALaONaBB8fo9YFK3AXXarRbcpv4G7PxuiRw7qOhjRz9W-1kn2AaS1OoRLuJfJbHlpaUpXsyjSS9b8/s400/eurusd3.gif)
- 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.