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Andrew's Pitchfork: Strategies, Rules and Technical Analysis
Andrews' Pitchfork is a chart analysis tool used to determine the trend price range. The tool consists of a median line, along with upper and lower boundaries, which serve as support and resistance levels. Within this range, traders can identify signals for channel trading. When the price breaks through the boundaries, traders may have an opportunity to profit from a new trend. This article will cover the rules for drawing Andrews' Pitchfork, identifying a strong trend, and determining the boundaries of a trend channel. In the second part of the article, we will discuss methods suitable for beginners and advanced ... (full story)