Hi All ,
Putting up a modified pitchfork(PF) on NIFTY weekly chart.
In Modified PF you move the starting anchor point to midpoint of 1st and 2nd pivot point. You keep the 3rd anchor point as it is.
so co-ordinates of point
a=2252.75
b=6338.5
A=4295.6
Putting up a modified pitchfork(PF) on NIFTY weekly chart.
In Modified PF you move the starting anchor point to midpoint of 1st and 2nd pivot point. You keep the 3rd anchor point as it is.
so co-ordinates of point
a=2252.75
b=6338.5
A=4295.6
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Oops Sorry folks , Had Forgot how to post images :
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The above one is more recent pitchforks One with red median line and another one with yellow median line
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Zoomed in version of first image , Sorry for clutter while posting (Temporary forgot, how to post images ..LOL)
in.tradingview.com/chart/fQSSYXXJ/