Trading with Median lines is a system and a leading indicator suitable for Swing trading.I am following this strategy for Nifty and Bank Nifty with good results.Those interested to trade with Charts and Price action to analyse target price, support and resistance levels will find this strategy very interesting.

Feedback welcome!Happy trading...

Friday, February 4, 2011


Price met the fib line resistance at the upper channel and changed direction.The move was unexpected as price movement till 5600-5650 levels was anticipated today.The fast fall closed below the median line EOD.Below it is close to the orange LML of the major pitchfork. at around 5350 levels below which 5300 , 5185 levels are projected.The picture looks grim for any reversal till the price crosses above the recent swing pivots.

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