Price behavior analysis • What happened to currencies today:
1• The upward path, the picture above: "
The paths generally consist of a wave and a correction, what distinguishes the upward path is that each time there is a higher peak than the previous peak, and a higher bottom than the previous bottom.
Every time the peak is broken, this is a continuation of the path.
The landmark in the red line 🔴 is the peak
The landmark in the yellow line 🟡 is the bottom
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2• The downward path, the picture below: "
The downward path consists of peaks lower than the previous peaks, and bottoms lower than the previous bottoms.
Every time the previous bottom is broken, this is a continuation of the path, after which we see a correction upward and then a decline
The landmark in the red line 🔴 is the peaks
The landmark in the yellow line 🟡 is the bottoms