Pitchfork Trading - Video 2

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Video Nr . 2

I continue the analysis from Video Nr . 1 and show you, why the market is so extremely stretched, and why you need to be super cautious these days.

If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course:

1. Klick the link at the bottom to get to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course

Thanks for watching and if you like it, give a thumb up :)



Can you chart the 1987, 2000 and 2007 tops in the DJIA?
Interesting spot with the AR line and the WL confluence.

I'm of the opinion that it might break over it first though, more likely to get a significant top by October.
forker IvanLabrie

Well, with such a relentless market, it's absolutely in the range of possibilities.
Even the Action/Reaction Modell tells a similar story (see chart below).

And this is exactly the reason why I don't try t "forecast", try to tell the future anymore.
There are always two forces in opposite sides at work , and we don't know which one wins.

Instead we just need a set of rules to follow where we know, in the end we come out with a junk of profit if we follow them.

Here's the A/R Model:
We know there's a high chance that price is going from line to line.
So we see that after the bounce below, the new target is above, the orange reaction line:

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out