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, October 31, 2011
31.10.2011_Monday
Drawn a minor ascending Pitchfork ( pivots matching OB / OS in stoch)to assess the downside supports for the consolidation area.Price attempting to close the gap can retrace till the point where it meets the ascending trendline from previous two minor swing highs.5200-5250 zone is probable support area.
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