This is not a prediction technical chart. However this shows how EUR/JPY is acting
through these two types of trend lines....
Blue line: ascending support line
Blown line: descending support line
Black line: ascending Wolfe line which is working as a resistance line
Pink line : ascending resistance line which is making a parallel channel upper line with Blue line
So What do you think if the Blue line will be broken ?
The answer will be that it will be downward to Blown line. If not broken, it should reach up to the
Black line at least.
Nikita FX (climbingfx.jugem.jp/)
through these two types of trend lines....
Blue line: ascending support line
Blown line: descending support line
Black line: ascending Wolfe line which is working as a resistance line
Pink line : ascending resistance line which is making a parallel channel upper line with Blue line
So What do you think if the Blue line will be broken ?
The answer will be that it will be downward to Blown line. If not broken, it should reach up to the
Black line at least.
Nikita FX (climbingfx.jugem.jp/)