how did we know that the dow would breakdown ??? well...its easy look at the trend from the breakout from april 8th trend got taken out and we kept the stop tight 15 min data 10 pts by 1 reversal hilo plot
eurusd 4 hour shows the downtrend that started in feb note the new minor uptrend now ..can we find the magical spot that will support that new uptrend ??
because it is a very short lived uptrend ,then should look at it on a lower time input in this case 120 min the uptrend is marked 25 pips by 3 reversal/close plot trendline is broken at 1.2875 area and then major horizontal support at 1.2750 area so there, we have a couple of big areas to watch for a reaction overhead res at 1.3150 from the second chart,we have changed box/reversal and we can see an intermediate supp at 1.2960 32 by 2 reversal so ther you can see how we do our analysis...simple..eh
go down a couple of pips on box size and see that price bounced off support its now getting squeezed if it breaks down then we have our supports which we talked about earlier overhead res is easy from that minor downtrend
eurusd 4 hour no horizontal resistance seen but some trend resistance above,which has rejected the price once already,that was also a previous support/orange horizontal line trend res goes from 1.3150 to 1.3200 area watchin to see if the uptrend holds on thursday/possible ecb rate cut and then nfp on friday