DislikedYes I understand what you are saying about control points for trendlines, but they are subjective (just like it is for drawing all normal trendlines). What i like about justcatalin's unique way of drawing schiff forks is that it is a 100% mechanical way to draw trendlines that are accurate and also seems to provide earlier signals than the traditional median line or the traditional modified schiff that was taught by Mr. Andrews.(imo) While it is true that the downtrend fork i drawn could be considered to have failed (since it did not reach the median...Ignored
I have question to the other traders. Which signal confluence do you use with pitchfork, other than:
- failed re-test = trend signal (in opposite direction)
- many higher highs/swings followed but one lower high (trend signal in opposite direction)
Join our skype group.