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12/21/2024 3:16:16 PM (GMT+1)

Indicator "Median Line": Basics of Operation

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The Median Line indicator is a powerful technical analysis tool widely used for predicting price movements. Based on the principles of Elliott Wave theory, it helps traders track key support and resistance levels. The core concept involves constructing a median line that shows the central tendency of price movement within a specific range. By analyzing these lines, traders can effectively assess potential reversal or trend continuation points, significantly improving the accuracy of trading decisions.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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