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Pitchforks are used as part of a popular analysis and trading technique. In essence, there are 3 key elements to it: 2 outside parallel lines that provide support and resistance and a median line in between them. To use a pitchfork correctly, identify 3 points that are consecutive highs and lows, where the first point represents the start of a trend. The median line connects the first point to the midpoint of the other 2. Additional lines can be added at a set number of standard deviations from the median, forming parallel trend channels.

Pitchforks can be used to identify buying and selling opportunities at those lines (for trading bounces or breaks), depending on the specific rules of entry and exit a trader may have. Conservative traders will look for additional confirmation. Apart from Andrew's Pitchfork there are variations like the Schiff Pitchfork, the Modified Schiff pitchfork and the Inside Pitchfork. TradingView has smart drawing tools for all of these techniques and there is a popular chat where users share pitchfork-based ideas.
138 6 5
EURUSD, 1W Long
EURUSD: Long idea based on techinicals

The weekly chart just extended to the lower line of the fork. Looking at all metrics and COT data together, this may be the turning point. Trade with care, Zack

Forex_Academy Forex_Academy TRXUSD, 1D, Short ,
49 0 0
TRXUSD, 1D Short
TRON down channel

Price drops within a down channel and is almost to hit a major dynamic support. It is pressuring the 0.05915377 static support and the 61.8% retracement level. The perspective remains bearish as long as it stays within the down channel. A valid breakdown below the warning line (w1) will confirm a further drop at least till the 76.4% level.

franSC franSC SPX, 1D, Long ,
130 0 1
SPX, 1D Long
S&P500 moving on an ascending channel.

The S&P500 is moving in an upward channel, as its most recent low is higher than the previous one. The price target is close to the mid-line of the ascending Pitchfork, around 2760. The invalidation comes when the price closed below the recent low.

Babak.Maserati Babak.Maserati BTCUSD, 60, Short ,
47 0 0
BTCUSD, 60 Short
harmonic shark + quasimodo in btcusd

The combination of trend line + channel + shark harmonic + quasimodo pattern + andrew's pitchforl sl= 11584$ tp = if the trendline broken to down ,the purpose will be 7900-8270 dollars.

alan3cA alan3cA USDCHF, D, Long ,
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USDCHF, D Long
USDCHF - Temporary Buy at .9635 and .9606. Stop .9574, Thursday

A renewal of Asian selling yesterday confirmed our bearish call. But the resulting downside lacked the momentum to break below the overnight low and, towards the end of the day, more significant profit taking resulted. Net gains were not extensive, but enough to end a sequence of 5 down days and although Asia has seen modest downside, our studies are left ...

111 1 3
URU, 120
URU Metals support and resistance taken from pitchfork.

I've taken the support and resistance lines from the pitchfork angels. See if the price continues on an uptrend within the blue price band.

102 0 3
GBPUSD, D
Remember BREXIT

The intersection of the median line (ML) of the upsloping pitchfork (PF) and the warning line (WL) of the downsloping pitchfork, creates an area of confluence (highlighted in turquoise) where there are alot of sellers in position. Confluence areas gives the trader an edge into the future in spotting massive accumulation of buyers and sellers. As price approaches ...

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