Get started

Pitchforktrading

Information about PITCHFORK (Andrew's Pitchfork)Pitchfork a simple yet effective tool, if implemented correctly, can offer you dynamic levels to watch which one could have ignored otherwise. ------- Pitchfork has three points ------- 1) Anchor Point 2) High Point of TREND 3) Low point of TREND ------- Quality of Pitchfork ------- 1) Applying Pitchfork on Higher timeframes to Judge where we are in a macro trend is a good way to use Pitchfork and to see if MACRO trend is actually changing or not. 2) Number of interaction points to the median line and extreme lines which can act as DYNAMIC support or resistance lines is crucial. 3) HAVING your ANCHOR POINT between High and Low of next TREND is OPTIMAL way to get good result from your PITCHFORK. If you would like me to update this with how to use pitchfork and post more educational content, then please do like this idea and comment your queries which i will try to answer. My previous ideas :-
INDEX:BTCUSDEducation
by StunnerStock
Follow the eye - detailsIn the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun! Now the Median Line per 1.2.3. been shared for the first time here The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well. Here is another update of the same pattern: Right now prices are close to the 50% lower inside Parallel Median Line, first small green arrow in the chart. The 2 green arrows show 2 potentially relevant support zones. The second Median Line is the one per 1'.2.3. The prices tested the Center Line of this pattern (orange arrow). The second test been where the blu arrow is, and it's the 50% upside parallel of this Median Line (resistance). This Median line been shared for the first time here: and then here: but the most important been this one Considered the efficacy of these 2 Median Lines in the past we may have high probability to see these patterns working as good dynamic levels to check even in the future. The dynamic trendline offered extremely relevant Res. zone that been tested multiple times and may worth a check in the future. The first time we pointed out the potential efficacy of that trendline been here: The Fan using the Dr Alan H. Andrews settings could be used as dynamic support and resistance to check and the crosses of the fan with the trendlines generated form the Median Lines are called "energy points" and could be checked as price magnet levels as well as resistance or support and trend chaange detectors. Maybe U can use the levels in this chart to track the future price fluctuations. Hope you enjoy! (Too much hurry from me yesterday, have to say sorry to Nico the moderator.)
BITTREX:DOGEUSDEducation
by locatellicharts
3
Follow the eye @elonmusk @BillyM2kPrices going up and down: it's called "price fluctuation" and use to be driven by financial speculation. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as demand increases or decreases. In the chart there are 2 Median Lines and 1 Fan - Dr. Alan H. Andrwes style - and... a smiling dog! Maybe U can use the levels in this chart to track the future price fluctuations. Enjoy! This chart Update of and
BITTREX:DOGEUSD
by locatellicharts
Intel (INTC) ... A Confluence of Positive PatternsA suggestion for those looking to establish a long INTC position. 1) Intel has traced out a bullish Butterfly pattern going back to November of 2020. 2) Price action has taken it to a Pitchfork bottom. 3) Within this is a Bullish Black Swan Harmonic. 4) My momentum indicator suggests near price exhaustion to the down side No guarantees of success but I am looking to establish a long position. I need a sign of a clear reversal both in the broader markets and for INTC. A breach of $39.19 will probably be my INTC price entry trigger. Upside price targets are indicated. Not investment advice do your own due diligence and pay attention to the broader markets and interest rate trends. Good Luck S.
NASDAQ:INTCLong
by Steve666
2
AVGO 481Timeframe: Multi-month swing Last week AVGO retested and rejected the weekly 10MA yet again and sold off rather quickly. I'm targeting price to eventually make it to 481 over the next month or two. For the last 3 weeks we have yet to get above the golden zone around 594-598. We have also yet to close above the weekly 10MA for 10 weeks. How to play this? • I'll be looking for price to cross 539.72 to signal that AVGO would like to go lower in the coming weeks. If price never crosses below that level this week then we can play the upside. • Once the trigger hits I would be getting in to take it to 531. Trigger (539.72) then reversal plan: • I would look for a bearish reversal pattern on the daily around 558 and 562 to take it short. Things to look out for: • Be aware that price can cross 539 this week, reverse to 558, and then reverse again the following week. • Short term I could see some upside retracement to 558-562 to retest last week's price area. There is very strong supply at this level as it is the bottom of the VWAP (from April 2022). This means a lot of folks are holding the bag and they might be anxious to get out at that level. Short Invalidation/Bullish: Short invalidation area is at 576.27. At that point I would take it up to 583, 594 then 598 (golden fibs).
NASDAQ:AVGOShort
by GammaRayGoated
1
BTC TradingFriends, this is bitcoin analysis based on pitchfork Bitcoin came out of its purple upward pitchfork, hitting the first resistance line in the middle of the blue pitchfork If it crosses this resistance, it will have two resistors , 200-day weekly moving at 25300 and the middle line of dark descending pichfork at approximately 22600 to 23000, which may be the end of the descending C wave, but if it wants to drop more, the lower lines of the descending pitchfork with Black color is our resistance Now, in order to return to the uptrend, Bitcoin must first return to the purple pitchfork and then exit the descending black pitchfork. BINANCE:BTCUSDT COINBASE:BTCUSDT
by mohammadjokardarzi
2
BTCUSDTThe price has exactly turned back from pitchfork point (almost 40.5), as well as the uptrend green pitchfork lowest line. Looks like we lose blue pitchfork's main line and strong support . This means we haven't reached a point of upward movement yet. As far as I know, that's not good🤨. next stop is second line of blue pitchfork . The red line is my expectation. Markets are affected by many elements, so do not rely solely on technical analysis; technical analysis is only 48%
by CaptainHadd0ck
LUNA - Short Setup PossibilityLuna has broke through the frok it's been rolling inside, this is a change of behaviour, the better part is that it's clearly pullbacked to it, this is one other fork rule that if a line is valid and is broken, then it should pull-back to it and there you go we have it. Now we are stuck in an Energy Coil which seems to be forming, i expect a peak to the upside to the energy point to fill the upper short orders to at least the last swing low which is 98.595 and then come back to the fork, if this happens we can then wait for a retest of ML and get short to the Lower paralel, if that didn't happen and we broke though the coil from down-side and then if we had a reasonable market structure to put our stop, then we can get short along the way to the MLH. I hope this helps you Ask me any questions if you have any
Short
by TheCryptoFork