• Creates one line that splits into three in the form of a pitchfork. • Identifies where prices should go as long as the primary trend remains intact.
Inserting Andrew's Pitchfork Lines
1. Select the Andrew's Pitchfork Tool. 2. Click once at a the start of a significant price movement. Click a second time wherever the first major reversal in the price movement happens. Finally click wherever the primary trend resumed.
Hmmm, I see I really screwed up the SPX and INDU forks (used the wrong reference points), but on the COMP it just seems as though my ref points are off a tad. Oh well, looks like I need some practice on them there forks... I have to say though, I like the way my COMP pitchfork lines up >8^)