I have been back-testing pitchforks and wanted to see thoughts on my projections.
Firstly am i using them correctly by starting from the end of a previous trend, to the peak of the next and then the bottom of that trend to project a rally?
Secondly i am led to believe that Pitchfork analysis is only effective with weekly and monthly charts, should i be using Fib retracement for short term charts?
Any insight appreciated.
Firstly am i using them correctly by starting from the end of a previous trend, to the peak of the next and then the bottom of that trend to project a rally?
Secondly i am led to believe that Pitchfork analysis is only effective with weekly and monthly charts, should i be using Fib retracement for short term charts?
Any insight appreciated.