Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added). The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...
Another link to the Schiff Pitchfork idea is also below in "Related Ideas" : I realized that sharing my Schiff Pitchfork idea may not have been sufficient enough to allow others to be able to use it efficiently and accurately. I wanted to make a video that shows people how I use the Schiff Pitchfork to trade and analyze; Along with some extra tips. The video is...
Schiff's trident and Variant Trident After Schiff presented his work to Andrews, Andrews suggested a small modification. Practically, the work of this trident derives from displacing the principles of the trident half the vertical distance and half the horizontal distance between the largest and the minimum as shown in the previous graphic. The early fork is now...
Pitchfork , is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature * Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork * It is created by placing three points at the end of...