Pitchforks

Pitchforks are a good tool for seeing trends and in this case, corrective price action. Throughout much of the 2014 trend, Bitcoin price respects the channel between the median to upper median lines. However it does foray down to near the lower median line to form the selling climax. https://www.tradingview.com/x/MthrSNJ2/ Its interesting to see that the ...

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

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.

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.

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.

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 ...

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.

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 ...