And there is an matter of market mind set, the graphs around the chart of technical analysis shows the psyche in action, the worry and greed are all painted there before upon the indicator lines on your graph. Price came to a high point and then fell off, why? People saw it was that high before and fell off, so they become afraid and sell and therefore it falls off again. You are considering a low and goes up, need to? People saw that it had already been through it before and went up so their greed ensures they buy, and so it goes up again. There's high greater self fulfilling prophecy globe charts as well as the indicators.
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The most frequently used box size in swing theory is minimal price amount in in which the currency can go up. In forex markets this is a pip. There are a three cases when the box size can be greater than a single pip.
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First, this is when the parity rate in regards to the two currencies causes sizeable bid-offer give. For example for the EURCZK pair the bid-ask can be 350 koruny, meaning one pip is without a filtering so considering.
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