It's a reliable confirmation tool in any time frame or market...if price fails to reach the centre line price will reverse or as per Andrews ' If price does not reach the Median Line the price moves in the opposite direction more than the previous swing'.
It is especially useful for me where the anchor point "P0" is in no doubt as in this case with Eur$ on a 377 tick chart from yesterday. P0 is in little doubt and even if you chose the next swing low the result is the same.
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