mljones

mljones

The median line on andrew's pitchfork has a high chance of being hit once a fork is formed and moves significantly toward the median. The last time it swept the range of the triangle and made a pitchfork it hit the median line at the same time it hit the bottom of the triangle. With the most recent triangle range sweep the median line is below the bottom of the...

mljones Updated 

Here's something I've been using recently with andrew's pitchfork. If you use a 2x extension on the width rather than the pitchfork itself, then it often defines a trend line which helps to identify a head and shoulders pullback. Ideally the head will go deep into the extension and then the right shoulder tags it after a retrace. The idea is the trade is entered...