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Resolved Question
What is Andrew’s Pitchfork?
about 1 year ago
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It is a technical indicator that uses three parallel trendlines to identify possible levels of support and resistance. The trendlines are created by placing three points at the end of identified trends. This is usually achieved by placing the points in three consecutive peaks or troughs. Once the points have been placed, a straight line is drawn from the first point that intersects the midpoint of the other two.
Andrew's Pitchfork is also known as "median line studies".
about 1 year ago
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Answers (1)
Andrew's Pitchfork is a tool in technical analysis to predict where price will go. It uses three parallel trend lines to show areas of POSSIBLE support and resistance.
Using the tool is very simple. Typically, you would sell when price touches the upper line and buy when price reaches the bottom line.
about 1 year ago
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