Modified Schiff Pitchfork

Fxprotrader Fxprotrader TOP AUDUSD, 15, Short , 6 hours ago
AUDUSD: AUDUSD: Sell Opportunity at Upper Parallel of Median Line
102 0 8
AUDUSD, 15 Short
AUDUSD: Sell Opportunity at Upper Parallel of Median Line

Clearly in a downtrend price is moving into a valid slope which is represented by the downsloping modified schiff. A rejection at the upper paralell signals that price finds good resistance and most likey is going to continue dropping. In case it retests the upper parallel i am going short with sl and tp as shown at the chart.

Fxprotrader Fxprotrader TOP EURCAD, 60, Long , 2 days ago
EURCAD: EURCAD: Buy Opportunity at Lower Parallel
318 3 24
EURCAD, 60 Long
EURCAD: Buy Opportunity at Lower Parallel

The lower parallel of a modified Schiff acts as strong support and we already see multiple rejections at the current level. Going long with tp the median line of the pitchfork is a nice idea.

Fxprotrader Fxprotrader TOP EURNZD, 60, Long , 2 days ago
EURNZD: EURNZD Pending Buy Setup at Support Level
341 5 26
EURNZD, 60 Long
EURNZD Pending Buy Setup at Support Level

In case price retraces to the lower parallel of this modified Schiff, I am going long with tp and sl as shown in the chart. The lower parallel of this pitchfork has acted as support previously, and its slope is pretty valid

eaglestar eaglestar ES1!, 60, 17 days ago
ES1!: SandP 500 E-Mini Futures 60 CME Updated 3/8/2017
19 0 4
ES1!, 60
SandP 500 E-Mini Futures 60 CME Updated 3/8/2017

Price has come up frome the 2357 area which was minor support. Look to see if we can climb above 2370 to see possible up trend opportunities. Also see if the new up blue fork shows frequency or if it turns into a modified schiff.

1877 1877 PRO BA, D, 6 days ago
BA: BA: Overextended with Momentum
34 0 4
BA, D
BA: Overextended with Momentum

After almost a year of accumulation below the 160ish high, the accumulation was ended with a Terminal shakeout on massive volume. That probably washed out most of the longs. We tested for a while b/w 120-130, hit the market on 6/24 to get out any last longs. Then the bull rally started. I drew the modified schiff off the terminal shakeout because that's most ...

jacobts jacobts STEEMBTC, 240, Long , 16 days ago
STEEMBTC: STEEM . Baby Bull
141 1 6
STEEMBTC, 240 Long
STEEM . Baby Bull

Almost one year old, STEEM may have seen it's all time low from which it has bounced a few times now. A modified Schiff Pitchfork shows us a slow BULLISH channel moving forward. Fibonacci levels ahead also show some attractive historical price action. Technically speaking, tentatively BULLISH. Fundamentally speaking, the blockchain is new and there continues ...

MattSzwyd MattSzwyd NZDCAD, 240, Long , 12 days ago
NZDCAD: NZDCAD: Intersecting signals point up.
61 0 4
NZDCAD, 240 Long
NZDCAD: Intersecting signals point up.

Price action on NZDCAD appears to be following a trend supported by multiple trend-channel based support levels that arise when a modified Schiff pitchfork is drawn from 2015 true lows (Sept. 10, 2015) to the 2015 year-end high (Dec. 28, 2015) divided across fresh 2016 lows (Apr. 27, 2016). While the median parallels provide considerable support / resistance, ...

OlePegLeg OlePegLeg BTCUSD, 60, 19 days ago
BTCUSD: BTC potential range ahead of SEC decision
139 0 3
BTCUSD, 60
BTC potential range ahead of SEC decision

BTC potential range ahead of SEC decision 3/11/17 Modified Schiff Pitchfork and some simple trendline analysis. Assumes conservative, consolidated market. However, the bottom could fall out. Look at what happened at 2/28 at 11am with the shorting panic. There's a lot of room for movement. I'm a noob, so take this with some salt :)

Fxprotrader Fxprotrader TOP EURAUD, D, Long , a month ago
EURAUD: EURAUD Price at a Strong Support Level
322 0 18
EURAUD, D Long
EURAUD Price at a Strong Support Level

Although we are in a long-term downtrend, I have started watching for a buy setup in the lower timeframes as I see price having reached the lower quartile of the modified Schiff pitchfork which has previously acted as a support several times. I will update if I have any setup completion.

eaglestar eaglestar ES1!, 240, 2 months ago
ES1!: SandP 500 E-Mini Futures 240 CME Updated 2/2/2017
13 0 2
ES1!, 240
SandP 500 E-Mini Futures 240 CME Updated 2/2/2017

Price is following the modified schiff nicely with touches on the top and bottom. Look for price to react for employment news tomorrow. As mentioned before price hit the fibonacci retracement at 50% and hit the extension near 138.2%

ness1g ness1g CL1!, 30, 2 months ago
CL1!: Crude
58 1 3
CL1!, 30
Crude

Modified schiff

eaglestar eaglestar ES1!, 240, 2 months ago
ES1!: SandP 500 E-Mini Futures 240 CME Updated 1/27/2017
6 0 6
ES1!, 240
SandP 500 E-Mini Futures 240 CME Updated 1/27/2017

Price has come up to the 2300 area. I drew in a new modified schiff of the major swing, which had an undershoot and symmetrical pullback here near 2300. Price should come down to 2277-2273 area for support.

Fxprotrader Fxprotrader TOP NZDUSD, W, Short , 2 months ago
NZDUSD: NZDUSD Potential Big Move to The Down
428 2 24
NZDUSD, W Short
NZDUSD Potential Big Move to The Down

Looking at the parallels of the downsloping modified schiff we may see that the slope of price is pretty valid and that this fork is working very well. Price is testing now the upper parallel and it looks like is been rejected. Any sell setup completion at a lower timeframe would be a high probability one with a great reward even if we initially aim for the upper ...

Fxprotrader Fxprotrader TOP GBPCAD, 240, Short , 2 months ago
GBPCAD: GBPCADSell Opportunity at Resistance Level
289 0 14
GBPCAD, 240 Short
GBPCADSell Opportunity at Resistance Level

Price has reached the upper parallel of a downsloping modified schiff where it looks like it has formed a flag pattern. The parallel has acted as resistance previously adding more chances to the flag working out good. Watch for a breakout below the flag and sell the market.

Fxprotrader Fxprotrader TOP EURUSD, 240, Long , 2 months ago
EURUSD: EURUSD Price at a Level With Great Confluence
831 1 23
EURUSD, 240 Long
EURUSD Price at a Level With Great Confluence

Price has been rejected after reaching the lower parallel of an upsloping modified schiff at a level where with have the slidely parallel of a weekly pitchfork acting as support. Any buy setup completion at current level should be a great buy long opportunity.

valiang valiang USDJPY, D, Short , 2 months ago
USDJPY: USDJPY Daily with Modified Schiff Pitchfork
30 0 5
USDJPY, D Short
USDJPY Daily with Modified Schiff Pitchfork

modified schiff pitchfork on USDJPY daily looks nice

Bryan_Ali Bryan_Ali USOIL, D, Long , 2 months ago
USOIL: Price Action is Accelerating Upwards
82 0 5
USOIL, D Long
Price Action is Accelerating Upwards

The angle of the current pitchfork channel (Modified Schiff) that prices are moving within is larger in magnitude than the angle of the longer-dated, broad pitchfork channel. That may imply that price action is accelerating to the upside. Keep in mind, for this assumption to remain valid, the channels must stay intact. I have overlaid a Fibonacci Circle study, ...

Fxprotrader Fxprotrader TOP USDCHF, 240, Long , 2 months ago
USDCHF: USDCHF Nice Level To Go Long
360 0 15
USDCHF, 240 Long
USDCHF Nice Level To Go Long

The slope of the modified schiff is pretty valid and what we see in this 240min USDCHF chart, is price testing a slide parallel which acted several times as support previously. From that point we might see an explosive upmove, ending the correction has been moving.

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