2. When price reaches the median line, it can either reverse to the upper or lower median line, or cut through the median line
3. Failure to break reach the upper or lower median lines, after the median line is cut through indicates a reversal back to the median line
4. When price reverses before reaching the median line, there is a high probability of price will continue to move in the direction, reaching the upper or lower median line, opposite to the median line
5. When price breaks the upper or lower median line, they are most likely to reach the upper or lower warning lines
6. When price cuts through the upper or lower warning lines, they indicate consolidation or the start of a new trend
Really interesting view, I tried to reproduce your chart and I ended up with this: Is it correct. If so based on the stated rule what would be your view on BTC?
Alteroc
⋅
@Alteroc, Would the rule imply that we must reach a last support line in the blue zone?
@Alteroc, Hey there. Thank you, I appreciate it. It would be a lot more easier to get the same result as me if you draw a pitchfork on the weekly chart. Key points are the following.