Andrews' Pitchfork: Difference between revisions
From MultiCharts
no edit summary
No edit summary |
|||
Line 1: | Line 1: | ||
[[File:Andrews-Pitchfork.png|right|400px]] | |||
This tool was developed by Alan Andrews. Andrews' Pitchfork consists of three parallel lines usually drawn from three consecutive major peaks or troughs. The three parallel lines formed by Andrews' Pitchfork can help predict channels of support and resistance in a trending market. | This tool was developed by Alan Andrews. Andrews' Pitchfork consists of three parallel lines usually drawn from three consecutive major peaks or troughs. The three parallel lines formed by Andrews' Pitchfork can help predict channels of support and resistance in a trending market. | ||