For more trading tips and strategies, view our Free Forex Trading Guides. To see these tools and methodology used in practice, join Michael for his Weekly Strategy Webinar. Part One: Introduction to Basic Trendline Analysis.Foundations of Technical Analysis: Using Parallels and Pitchforks/Median Lines.This article on trading with pitchforks and median-lines is the second in a series exploring pitchforks and slopes: This will illustrate how we formulate a given trade opportunity using pitchfork analysis and median lines. We’ll start by exploring pitchforks and median lines in more detail followed by a deconstruction of a setup. The objective of this methodology is to attempt to identify the gradient or slope of the market trend in order to zero-in on possible levels of support and resistance. This piece focuses pitchfork analysis and median line trading, and reviews how parallels of these trendlines can be utilized to give structure to a market advance or decline.
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