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Frytown, Iowa | In order for a median line to carry the 80% probability of price reaching the median line the 3 points have to be anchored on 3 pivots in a row. High,low, high or low,high,low
It’s really the simpler you make it the better the first chart is pretty good though I would move one low point back farther
The second chart is drawn incorrectly even though it seems to carry price well. The point is to let the median line and price tell you what’s going on. That’s foresight. If your placing your lines to fit the chart like in the second one... that’s hind site
Correctly anchoring a set of median lines even if it appears price is not respecting it can tell you more about where price is going than a curve fit set of lines that look cool
All in all pretty cool to see price respect the median lines on a monthly huh? Same happens on the dollar index. It’s a downsloping set of median lines
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