In this educational video tutorial, I guide you through the process of setting up a Super Pitchfork using the Bitcoin daily chart. This method is inspired by Patrick Mikula’s work in "The Best Trendline Methods of Alan Andrews."
I demonstrate how to:
- Create and project reaction lines
- Generate bullish and bearish trigger lines
- Apply a personal timing technique for pitchforks based on Michael Jenkins’ methods by squaring significant pivots to the median line, reaction lines, and upper parallel to produce time-based reaction points anticipating potential market turns.
This walkthrough is for traders who already have a foundational understanding of pitchforks.
Inspired by the work of Patrick Mikula, this is how I personally apply and expand on the Super Pitchfork method in my own charting.
I demonstrate how to:
- Create and project reaction lines
- Generate bullish and bearish trigger lines
- Apply a personal timing technique for pitchforks based on Michael Jenkins’ methods by squaring significant pivots to the median line, reaction lines, and upper parallel to produce time-based reaction points anticipating potential market turns.
This walkthrough is for traders who already have a foundational understanding of pitchforks.
Inspired by the work of Patrick Mikula, this is how I personally apply and expand on the Super Pitchfork method in my own charting.
Note
Bonus Tip: Measuring Time Cycles from Reaction LinesOnce your Super Pitchfork is fully drawn and the reaction lines are propagated, you can enhance your analysis by introducing a time-based study using TradingView’s new table draw tool.
Here’s how:
• After price crosses a reaction line, measure backward from that intersection point to the most recent significant high and low.
• Log the number of bars to each in a table.
• Do this consistently as price progresses through each new reaction line section.
Over time, this gives you a dataset of bar counts for significant highs and lows within each pitchfork segment. By averaging these values, you begin to establish a time cycle that can be used to forecast when the next significant high or low might form in upcoming sections.
Example:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.