1. Triangle 2. Pitchfork 3. Demand Zone Long till Point of confluence
1. At the supply zone 2. Upper parallel line modified pitchfork 3. RSI at resistance NZDUSD Short
Lower median line. Go long. PT1 at median line. PT2 at upper parallel line
1. Pitchfork 2. Demand zone way below 3. RSI triangle broken 4. Lower trigger line broken
1. At the lower border of the modified Schiff pitchfork 2. 0.618 retracement 3. 50 SMA support 4. At a high volume node which acts as support Plan - Long with a target of the median line BTW - The last idea worked out freakishly well. Please check that out as well.
1. Shark Pattern 2. Demand zone 3. Pitchfork LONG LONG LONG
1. The lower border of pitchfork 2. At the untested demand zone PT1= The median line PT2 = The Upper parallel line A tight stop loss just below the demand zone
At the upper median line of modified Schiff. Short with tight stop loss.
This is a heavily speculative post. I recently read Dr. Andrew's works and was completely fascinated by them. I am putting it to the test. The price will bounce at the intersection of the lower parallel line of pitchfork and reaction line 1 and hit the intersection of median line and reaction line 2.
Point of confluence acts as price magnets. I am going long with a very tight stop loss. The stochastic RSI is returning inside as well. Right at area of demand as well.
At upper parallel line of modified pitchfork. Tight stop loss in place. Target the median line.
Pitchforks in RSI are leading indicators as well. I plan to go long on USDCAD now.
Price is interacting with the lower parallel line of a modified pitchfork. Stochastic RSI is also about to cross up. Strategy to go long with the target at median line.
The price is at the lower parallel line. We have an 80 percent probability of it touching the median line. So, I plan to go long with a tight stop loss and a target at the median line. RSI is at the support as well.
The trendline in RSI ( Support or Resistance ) is a true leading indicator. In addition, we can draw pitchfork in RSI as well.