Once the pivot has been chosen, the trader must identify both a peak and a trough to the right of the first pivot. I could see it coming back down tobufore tring to take pichfork and higher. The top line is the upper median line and the bottom line is the lower median line. A short-term debt obligation backed by the U. It is similar to a trend channel with the upper and lower. Anddrew recovery was underway. Breaking It Down Step-by-Step Although the two methods discussed here trading within the lines and trading outside the lines may seem somewhat complex, they are quite easily applied when you break them down step-by-step.

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