Great_Reset_Investing

Pitchfork Basics I with GRI

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Pitchfork Basics I with GRI

The action reaction principle of technical analysis was described by Doctor Alan Andrews over 50 years ago

It is based on Newtonian Physics


To construct any pitchfork mark swing highs and lows

Take a high-low-high

OR

low-high-low

And use Tradingview's excellent Pitchfork tool to create the fork. The swings do not have to be consecutive, but usually are.

An Andrews Pitchfork forms the median line by bisecting the second and third pivots from the first

80% of the time price returns from the third pivot to the median line

What price does around the median (consolidate/reverse/gap) is a momentum indicator, we may cover this in a subsequent video

Greg Fisher has validated this and other statistics in his research thesis which i will link

HAPPY FORKING!!!

GRI 2022
Yorum:
Nothing I can do about beeping in vid sorry :-/
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.