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Re: Andrews Pitchforks
I love pitchforks personally. Agree that with a strongly trending market they're not the best - just like the wolfe wave.
I think people mis-use them a lot. Its all about where to start the fork. Has to be where the previous trend accelerated, I like at the 50% line.
You have to have some good rules to go along with it to validate the fork and confirm.
If you just take a trade in the area of confirmation, it's pretty good chances of nailing targets...
I look forward to your thread, Tasuki...
PS here's a fork with an interesting twist. The lower tine lines up with a WW target.
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