Using Median Lines As a Trading Tool An Empirical Study - I
The Andrews Pitchfork takes three (consecutive) swings: ABC, and forms a median line by bisecting BC from A
80% of the time price will return to the median line from the C pivot
Of that 80%: price will reverse at the median line around 30% of the time
IF price reverses at the median line it will reach the upper 1 SD parallel 80% of the time
C U ATH
🔥🔥🔥🔥🔥🔥🔥🔥🔥
NOT TARDING ADVICE
All credit to Mr Greg Fisher for these stats and all his work on market geometry
80% of the time price will return to the median line from the C pivot
Of that 80%: price will reverse at the median line around 30% of the time
IF price reverses at the median line it will reach the upper 1 SD parallel 80% of the time
C U ATH
🔥🔥🔥🔥🔥🔥🔥🔥🔥
NOT TARDING ADVICE
All credit to Mr Greg Fisher for these stats and all his work on market geometry
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