Follow the eye - detailsIn the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun!
Now the Median Line per 1.2.3. been shared for the first time here
The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well.
Here is another update of the same pattern:
Right now prices are close to the 50% lower inside Parallel Median Line, first small green arrow in the chart. The 2 green arrows show 2 potentially relevant support zones.
The second Median Line is the one per 1'.2.3. The prices tested the Center Line of this pattern (orange arrow). The second test been where the blu arrow is, and it's the 50% upside parallel of this Median Line (resistance).
This Median line been shared for the first time here:
and then here:
but the most important been this one
Considered the efficacy of these 2 Median Lines in the past we may have high probability to see these patterns working as good dynamic levels to check even in the future.
The dynamic trendline offered extremely relevant Res. zone that been tested multiple times and may worth a check in the future. The first time we pointed out the potential efficacy of that trendline been here:
The Fan using the Dr Alan H. Andrews settings could be used as dynamic support and resistance to check and the crosses of the fan with the trendlines generated form the Median Lines are called "energy points" and could be checked as price magnet levels as well as resistance or support and trend chaange detectors.
Maybe U can use the levels in this chart to track the future price fluctuations.
Hope you enjoy!
(Too much hurry from me yesterday, have to say sorry to Nico the moderator.)
