Also, if there's a reversal up on the red line this is in my opinion more bearish than bullish because we will have a perfect bearish structure. Let's say that the price bounces off the red line and goes to the upper teal line. We'll probably see the price fall inside the box. Conclusion: the eurusd have much chance to finish inside this box sooner or later before we see 'maybe' a real reversal but that's not the point at this time.