Hello all,
Inspired by past masters Gann, Andrews & Pythagoras, as well as my own love of numbers, I discovered a purely mathematical formula that reveals possible pivot locations into the future. Although being quite simple it was not easy as every markets numerical frequency is different, therefore every markets translation scheme requires hours of trial and...
Hello all,
Noticed this setup on the forks based on the Andrews price failure rule.....Looks interesting . A few other things going on will update later. Lets see
Hello fellow traders,
Hope all is well.
Today I bring you a tail of two pitchforks that share two pivots. This however is where the similarities end and the fun begins.
As the market moves aggressively UP towards the Dollar Yen's previous High in late April 2022 @ 131.253 directly following the FED's Interest rate decision we begin our pitchfork analysis.
Step...
Another GAP on the Monday open then a nice push closing strongly above upper parallel. Looking for an Upper parallel target and then a possible reverse of short term trend (Eye's On) Note the Symmetry on both Upward and Downward parallels. Cheers RB
The power of the Fork is NOT in just anchoring 3 pivots. The power comes from how the USER applies & interprets the "Story" the FORK is showing you. Today I am showing you a unique method of isolating important pivots in the market that give the trader an increased probability or edge in capturing a strong move. it is NOT the unicorn you've been searching for...
This simple parallel channel taken from the two daily lows can be a powerful tool to determine take profit areas from this strong move in the Dollar Yen.
Notes to consider:
1. The midpoint ( hits) are reverse engineered using the two lows as the anchors.
2. The TOP parallel becomes the forecast line where we can expect prices to reach and then stall out and/or...
