Unique Way to Use PItchforks
Pitchforks to generate signals - in this video I share how to pull pitchforks on the daily chart, drop down to the 1hr and 15m, and use price stability and wicks to create buy/sell signals - pitchforks often capture major pivots and areas of price stability. Try it out and let me know if you need help with the idea.
I suggest playing with different levels and fibonacci levels within the pitchfork settings.
Also keep in mind there are several different types of pitchforks. Switch around between them until you see one that captures price pivots nicely.
Low - high - retracement, very similar to how you pull a fib extension is used here, but you must use more visual cues (it's not as objective) to determine where the best pitchfork might go.
I suggest playing with different levels and fibonacci levels within the pitchfork settings.
Also keep in mind there are several different types of pitchforks. Switch around between them until you see one that captures price pivots nicely.
Low - high - retracement, very similar to how you pull a fib extension is used here, but you must use more visual cues (it's not as objective) to determine where the best pitchfork might go.
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