The Median Line is the line drawn from the A pivot, to bisect (through the median) of the B-C line.
Look again at chart above and visualize Median Lines drawn from each pivot (marked P) through the median of the next two pivots.
At this point you are seeing something far more familiar as the beginnings of the pitchfork.The upper and lower parallels are lines extended from the B and C pivots, forming upper and low rails to the structure
Look again at chart above and visualize Median Lines drawn from each pivot (marked P) through the median of the next two pivots.
At this point you are seeing something far more familiar as the beginnings of the pitchfork.The upper and lower parallels are lines extended from the B and C pivots, forming upper and low rails to the structure
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.