Price Behavior Near the Median LineAndrews suggested significant price behavior occurrs when price approached the Median Line. Andrews original course states, “Price will either reverse on meeting the ML or gap through it.”
We also find in the course where Andrews states, “And when late prices meet this ML extension…you see that you will have price fluctuations.”
To summarize, price behavior near a properly drawn Median Line can be described by: 1) Price reversal 2) Price gap or plunge 3) Price consolidation
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