Many traders think pitchforks are used to only identify the trading opportunities inside the fork. While they do that, they also serve as future trade set-ups. Forks are created out of Fibonacci relationships (SH-SL / SL-SH) and thus are Fibonacci-energized. As you can see, S&R that the fork points out, remains AFTER the fork is breached. :)
Dallas Gregor
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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.
Dallas Gregor
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.