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We connect Pivot A with the center of the Line connecting Pivots B and C and that gives us the Median Line. The Median Line visually tells us two things:
It projects the slope of price as it moves forward in time. The slope of the Median Line tells us visually if price is in an up trend, a down trend or in a range.
The steepness of the slope tells us just how fast Price is likely to move up in an up trend or down in a down trend.
The Median Line, when used in context with its Upper and Lower Median Line Parallels, can show us visually what the trend is, how strong that trend is, and it can show us where Price is most likely to have expended its up side or down side energy as Price moves forward in time. |
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