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...
Monday, February 4, 2013
Price has taken support at the Blue median line at EOD.
So any bounce from this zone has a target at the Blue downsloping UMLH ( aaround 6036) and next at the green upsloping ML ( around 6078).