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Pitchforks are used as part of a popular analysis and trading technique. In essence, there are 3 key elements to it: 2 outside parallel lines that provide support and resistance and a median line in between them. To use a pitchfork correctly, identify 3 points that are consecutive highs and lows, where the first point represents the start of a trend. The median line connects the first point to the midpoint of the other 2. Additional lines can be added at a set number of standard deviations from the median, forming parallel trend channels.

Pitchforks can be used to identify buying and selling opportunities at those lines (for trading bounces or breaks), depending on the specific rules of entry and exit a trader may have. Conservative traders will look for additional confirmation. Apart from Andrew's Pitchfork there are variations like the Schiff Pitchfork, the Modified Schiff pitchfork and the Inside Pitchfork. TradingView has smart drawing tools for all of these techniques and there is a popular chat where users share pitchfork-based ideas.
mortdiggiddy mortdiggiddy GBPJPY, 720, Short ,
57 1 2
GBPJPY, 720 Short
Hitting Multiple Resistances

Big simultaneous pitchfork and Month R4 pivot hit. $USDJPY $GBPUSD $DXY $GLD $GDX

realstep realstep EOSUSD, 1D, Long ,
195 6 4
EOS Breakout time

EOS has been trading in a pitchfork channel for a long time. Over the past couple weeks, it's been consolidating and slowly going upward as mentioned in previous posts. EOS now looks to breakout of the pitchfork to new levels. Several ETH Dapp developers have announced shift to EOS. London hackathon this weekend is expected to have major announcements, ...

ap8forexchange ap8forexchange DXY, 240, Long ,
38 0 3
DXY, 240 Long
PITCHFORK - DXY US INDEX Weekly Analysis 17th - 21st Sept 2018

High Probability price back into channel Target towards median line

348 2 22
DJI, 30
DOW JONES Drop 01-MAR-2018 ... Fundamental or Technical

Was it Trump's tariff announcement, or technicals on the charts? I KNOW what I think

5030 14 61
BTCUSD, 60 Long
Bitcoin Stop Loss Hunt... Or Bearish Downturn?

Good afternoon traders! Bitcoin had a strong 6% pull back from it's rising wedge that we have been talking about for the past week and many analysts have pointed out. https://www.tradingview.com/x/zTnBWJdK/ In my previous analysis on, I had stated we were watching the .618 level and would be shorting the top of the pitchfork if we didn't break above ...

ap8forexchange ap8forexchange XAUUSD, 240, Short ,
66 0 3
XAUUSD, 240 Short
PITCHFORK - CFD XAUUSD Weekly Analysis 17th - 21st Sept 2018

Target price towards lower line

ap8forexchange ap8forexchange EURUSD, 240, Short ,
24 0 1
EURUSD, 240 Short
PITCHFORK - Forex EURUSD Weekly Analysis 17th - 21st Sept 2018

Target price towards lower line

ap8forexchange ap8forexchange GBPUSD, 240, Short ,
17 0 1
GBPUSD, 240 Short
PITCHFORK - Forex GBPUSD Weekly Analysis 17th - 21st Sept 2018

Target price towards lower line

Koonzy Koonzy GBPJPY, 1D, Short ,
130 0 5
GBPJPY, 1D Short
GBPJPY AB=CD Channel Resistance

Good Risk reward on this one. AB=CD .618 fib retrace. Look to take profit or adjust stops when price hits the center of the pitchfork.

92 0 4
Andrew's Pitchfork major "Energy Point" ahead for BTC @ $8388

Lots of confluence of support and resistance at approximately $8388 on 8/08 at about 12 UTC. These 'energy points', or confluence, can be a strong attraction for price action. I've been watching them for a little while, and they fascinate me.. I've seen price action do some pretty impressive stuff to hit these pitchfork points.. I am very curious to see if ...

324 0 37
Charlie-Delta Trading

Patience and selectivity are the key in Charlie Delta trading

ap8forexchange ap8forexchange USDJPY, 240, Short ,
22 0 1
USDJPY, 240 Short
PITCHFORK - Forex USDJPY Weekly Analysis 17th - 21st Sept 2018

Opportunity to short on upper line Target towards median line

kerman2015 kerman2015 USDCAD, 240, Long ,
26 0 2
USDCAD, 240 Long
buy usdcad

usdcad is going forward red median line

68 0 2

MAYBE...Move prices like arrows

313 0 5
Bounce off 200 D SMA and Support

Let's see what unfolds. $GLD $GDX $GDXJ $XAUUSD

mortdiggiddy mortdiggiddy NZDUSD, 1W, Short ,
411 0 10
NZDUSD, 1W Short

Trade is picking up steam as CAM Year S4 is broken on Dovish bank remarks.

CharlesLeger CharlesLeger STRUSDT, 1W, Long ,
370 0 6
Stellar to 10$ by the end of year ?

I might be crazy on this one, but let's see ... Weekly rsi @40 was always the beggining of a bull run. See you in december !

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