Replies to post #7 on CHARTS_PITCH_FORKS

[jxyzobrien]

Forks like elliot wave evolve

First dont use steep forks because they dont really encapsulate
price. Second i sometimes start a fork with a single channel using
high and low as top and bottom of channel. Remember also use RSI
most of the time RSI > 70 and < 30 will mark the top and bottom of tbe fork.

In this example i would then duplicate the channel creating the 2 channels and 1 fork. Put it on top the other channel.

In this example the market did an impulsive move up already after
breaking out of the channel. Most of wave 3 is done and the channel or fork should be very narrow.

The first fork would have the B and C as the high and low.
Again use multiple forks. Crude drawing below