CASE STUDY - ANALYSIS
TIMEFRAME WEEKLY
LOWER LINE TO UPPER LINE
PRICE MOVEMENT
ESTIMATED 1 YEAR
Result (29 Jan 2018)
1. Price movement from lower line to median then retest on median.
2. Price rejected median and continue moving towards upper line.
3. Price made sharp reversal upon hitting upper line of pitchfork
Date: (23 April 2018)
4. Price has rejected upper line and made reversal
5. Forecast price is moving towards median line
ANDREW'S PITCHFORK
TECHNICAL ANALYSIS AND HIGH PROBABILITY TRADING STRATEGY
TIMEFRAME WEEKLY
LOWER LINE TO UPPER LINE
PRICE MOVEMENT
ESTIMATED 1 YEAR
Result (29 Jan 2018)
1. Price movement from lower line to median then retest on median.
2. Price rejected median and continue moving towards upper line.
3. Price made sharp reversal upon hitting upper line of pitchfork
Date: (23 April 2018)
4. Price has rejected upper line and made reversal
5. Forecast price is moving towards median line
ANDREW'S PITCHFORK
TECHNICAL ANALYSIS AND HIGH PROBABILITY TRADING STRATEGY