BitcoinEducation
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 :-
------- 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 :-
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