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the idea of the PF is that the price tend to walk in sine wave around the median line, so the price aiming to rest on the median line 80% of the time
Pivots selection must be on the last settled swing, it's not virtual
and PF can be used as long as they contain the price or their warning lines act as S/R
if you need anything else just tell |
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Nice Benssol ¡¡...and welcome aboard.. would be interesting if we could expand the topic right on this thread...
As I mentioned before, when I see a chart and I want to get started, the very first question would be, wich pivots should I correctly choose to draw the pitchfork... could you give us some graphic examples on this topic ? so we can learn how this is correctly done... would be really great ¡¡ thanks Walter.