In my fork class this is one of two special forks I draw and I call them BT forks...( out of lack of anything else to call them because they are not recognized anywhere else).....
essentially i use them to try and pick off intraday pivots...
go to the 1 min at the end of the message and see how the purple fork and blue fork align..In between 2 and 3 oclock had the mkt fell into a sharp down fork I was ready to go to put side...however this did not happen so at that time i knew the flat was the better odds play...
I accept Andrews theory price is ALWAYS attracted to a median line so in short term situations I use very different forks to see if expectations should be aroused on surprise pivots....
Return to the 1 min here as I have replaced the red fork in question.....had price bounced lower off the red arrow I had my ready made short signal...needless to say there is no data on proof for my forks...
I am out for rest of day now...infusion day for me...
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