The market had formed a potential bullish reaction swing at
the ascending median line.
Instead, the market could not overcome the resistance at
the ascending median line, but instead the market formed a bearish TR (trend reversal) pattern sequence that signalled a trend shift.
After touched
the ascending median line on April 12th, Gold began a corrective pull back into the April 19th reversal date and posted a low at $ 1124.50, where Gold found support from the up - sloping lower parallel line and the 20 - day SMA.
TMV Swing Trade report — Long July Cocoa @ 2957 — last price @ 3026 — The market surged higher and tested
the ascending median line and the prior swing high at 3062.
Not exact matches
To find a
median value, one takes all of the values in the distribution, sorts in
ascending order,
lines them up and finds the middle value.