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, November 12, 2010

Continuing fall

Price has fallen thro the blue LML. It has touched the parallel reaction line also .Stoc still in oversold zone but no divergence yet.

Looking out for 6090 levels ( 61.8% R levels ) nearer to Green Median line.
Test and retest Of ML and movement upwards will confirm for the probability of reversal.

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