Andrews’ Pitchfork in Forex
A clear definition of Andrews’ Pitchfork, with practical context for reading markets and making better trading decisions.
Definition
Andrews’ Pitchfork is a three-line charting tool built from three important pivot points. It creates a central median line with two parallel outer lines that can be used to study trend direction and potential reaction areas.
How It Is Drawn
The tool starts from three significant swing points. The first pivot anchors the median-line structure, while the next two help define the parallel channel around it. In an uptrend, traders commonly choose a low-high-low sequence; in a downtrend, a high-low-high sequence is often used.
How to Read It
Price may react around the median line or the outer parallels, but these lines are not guaranteed support or resistance. The quality of the selected pivots matters greatly. A pitchfork should be checked against the actual swing structure rather than forced onto an untidy chart.
Key Takeaway
Andrews’ Pitchfork is a structured way to project a median trend path from three pivots. The drawing is only as useful as the pivots and market structure behind it.
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Why Andrews’ Pitchfork matters
Understanding Andrews’ Pitchfork helps traders interpret market information, plan decisions, and manage risk with more context.
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