I’ve never used the pitch fan before, so this is purely speculative on my part - more so than usual, anyway.
I’ve noticed how the lines seem to hit the retracement I was eyeing on this particular chart. So, once I saw support there, I entered a long position. So far, so good. Let’s see how it plays out.
Anyone out there have experience with the pitch fan that...
It shows three breakout point (I, II, III) , If it tests BL I (Breakout Level I) then T1 will be hit and so on.
It has tested BL II after which it hit 3141. Most likely, there are chances it will test BL III so we will see a dip to 2727. Overall trend is downward but it is oversold on 4h chart.
Above analysis have been studied using Fibonacci tools...
On the 2 hour there is a solid cross over on the MACD and then also a confirmation of the break above the conversion line with the ichimoku as well... Not to mention some very nice movement on the lower time frames as well..