I wouldn't call this "scary." It's not tough to apply basic technical analysis to charts. It may or may not go down, but TA isn't set in stone and only works in

I wouldn't call this "scary." It's not tough to apply basic technical analysis to charts. It may or may not go down, but TA isn't set in stone and only works in the long run in retrospect. See, e.g., the double top: http://www.forexhit.com/learn-forex/price-patterns.html http://www.forexhit.com/learn-forex/price-patterns.html