|Alan Andrews developed one such technique, which he called the median line method. The median line method calls for drawing a line from a high or low price level through the median price of a subsequent corrective rally or decline and once that is done, adding parallel lines above and below the median line from the corrective highs and lows. This results in three lines: a long center line (the median line), an upper channel line and a lower channel line. Each line defines potential support or resistance. Because of the shape it makes on a price chart, the median line method soon became known as the Andrews pitchfork. The long center|
median line resembles a handle, while the two shorter parallel lines are the tines of the pitchfork.
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