The above example of object position distortion is the bane of my life and illustrated perfectly here. Price in the 5 min DX chart appears above the RL and in the 1 min chart we can see it is below the line.
In the euro $ we are seeing a sharp rally from below a RT of .764...a bit confusing but guess it will be a inverted 'V' shape like a Red Indian Tee-pee before going lower.
What i am going to do today is to concentrate on what I saw yesterday.ie the reversal in the DX and €$ and show you the indicator readings and determine if they were of use as a confirmation tool along with the pattern that developed.
Post to follow
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