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AdamBurtAmora
Nov 7, 2017 1:35 PM

Median line support GER30 

DAX index of German listed sharesFXCM

Description

Possible pull back up to upper resistance line. If It breaks through wait for a significant close for a continuation to downside.


Comment

And there we have it. The pitch fork works perfectly trading outside the line on this occasion. As stated wait for a close beneath the median line touch and target the bottom support line. Remember when trading a Pitch fork the median line bounce is a lower probability than trading an upper or lower bounce, why? this is because you are trading against momentum.
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