Top 8 Ways of Using the Andrews Pitchfork

This is a video about price action, elliott wave, dow theory, cycle analysis, support and resistance, chart patterns, and the pitchfork.
FRACTAL FLOW WEBSITE: www.fractalflowpro.com/ (better seen on desktop!)
PRICE ACTION COURSES: fractal-flow-price-action.dpd...
STRATEGY STORE: fractal-flow.dpdcart.com/
INSTITUTIONAL TRADING EBOOKS: fractal-flow-institutional-tr...
ADVANCED TRADING COURSES: fractal-flow-pro.teachable.com/
CONTACT: [e-mail]
The Andrews Pitchfork, also known as the Median Line Tool, is a technical analysis tool used in financial markets to identify potential support and resistance levels and predict price movements. It was developed by Dr. Alan Andrews in the 1960s and is based on the idea that price trends tend to develop within a channel or trend channel.
Traders use the Andrews Pitchfork to identify trading opportunities. The basic idea is that when the price moves away from the median line, it may eventually revert toward it. Traders often look for price action signals, such as bounces off the upper or lower parallel lines, to make trading decisions. The Andrews Pitchfork can be applied to various timeframes, from intraday charts to long-term charts, depending on the trader's preferences and trading strategy.
While the Andrews Pitchfork can be a valuable tool for technical analysis, it is important to use it in conjunction with other indicators and analysis methods to increase the accuracy of trading decisions. Like all technical analysis tools, it is not foolproof and should be used as part of a comprehensive trading strategy.
Technical analysis is a powerful tool for traders seeking to make informed decisions in the financial markets. One such tool, the Andrews Pitchfork, can be even more potent when integrated with other analysis techniques like Elliott Wave Theory, support and resistance analysis, cycle analysis, and chart patterns. This article explores how the Andrews Pitchfork can be synergistically employed alongside these methods to provide traders with a comprehensive approach to market analysis.
Elliott Wave Theory suggests that markets move in waves of five impulsive moves and three corrective moves. By incorporating the Andrews Pitchfork, traders can identify potential reversal and continuation points within these waves. For instance, when the price is within a corrective wave, drawing an Andrews Pitchfork from the start of the impulsive move to the end can help identify where the correction might find support or resistance, aiding in timing entry and exit points more precisely.
Support and resistance levels are essential elements of technical analysis. The Andrews Pitchfork, with its three parallel lines, provides a dynamic way to visualize support and resistance zones. The median line often acts as a significant pivot point. When price interacts with this line within the context of established support or resistance levels, traders can gain more confidence in their trading decisions.
Market cycles, which can vary in duration, play a crucial role in price movements. Integrating cycle analysis with the Andrews Pitchfork can help traders identify the stages of a cycle more accurately. For example, during a bullish cycle, the Andrews Pitchfork can be used to project potential target levels and entry points as the price moves along the pitchfork's lines, which represent different phases of the cycle.
Chart patterns like head and shoulders, double tops, and flags often serve as leading indicators for price movements. The Andrews Pitchfork can enhance pattern recognition by providing additional confluence. For instance, if a double top pattern coincides with the upper parallel line of a pitchfork, it may reinforce the significance of that resistance level.
The Andrews Pitchfork is a versatile tool that, when combined with other technical analysis methods like Elliott Wave Theory, support and resistance analysis, cycle analysis, and chart patterns, can provide traders with a more comprehensive and robust trading strategy. By integrating these techniques, traders can gain a deeper understanding of market dynamics, potentially improving their ability to make well-informed trading decisions and manage risk effectively. However, it's crucial to remember that no analysis method is foolproof, and prudent risk management is essential in all trading strategies.
Chapters:
0:00 Intro & How to Draw the Pitchfork Correctly
1:01 Establishing Trend Boundaries
3:13 Confirming Support & Resistance Levels
5:06 Channel Breakouts
7:02 Divergence Confirmation
8:17 Elliott Wave Confirmation
9:15 Manipulation Confirmation
10:19 Cycle Analysis
11:24 Chart Pattern Confirmation & Enhancement
14:03 Final Thoughts

[@fractalflowpro]

Thanks for watching! Please consider enrolling in my premium courses if you want to support my work: FRACTAL FLOW WEBSITE: www.fractalflowpro.com/ (better seen on desktop!) PRICE ACTION COURSES: fractal-flow-price-action.dpdcart.com/ STRATEGY STORE: fractal-flow.dpdcart.com/ INSTITUTIONAL TRADING EBOOKS: fractal-flow-institutional-trading.dpdcart.com/ ADVANCED TRADING COURSES: fractal-flow-pro.teachable.com/ CONTACT: [e-mail]

[@sujangamal8881]

I'm saving up for it. Definitely going to get enrolled.

[@W.M.D.M.]

Man this video was phenomenal and mind blowing. I’m new to the profession. This type of analysis gave me the confidence and determination to learn more , when it all seemed so complex and week ago

[@dbwillrise8]

Dunno how I missed this video. Lol As usual, your pitchfork videos and the underlying methods are the best in the world!

[@fractalflowpro]

KZbin algorithm. That's how haha.

[@dbwillrise8]

@@fractalflowpro yeah 😅 Well at least YT is kind enough to send me most of your video notifications.

[@fractalflowpro]

It's the least it can do!

[@abdullahsamir1045]

Brother is in love with the pitchfork

[@sujangamal8881]

Had been waiting fir a pitchfork video for a long time. Thank you ❤

[@fractalflowpro]

Sorry about that. I got a little tired of it for a while.

[@montyhat2058]

Thanks for another amazing video, love them pitchforks.

[@helloteacher4281]

love the pitchfork ! great video sir thanks

[@fantaaastico8150]

I just recently found this channel. Love it. Thank you so much

[@fractalflowpro]

Welcome!

[@pablodemono6831]

Great video, thanks. Does it matter which scale type we use for pitchfork - logarithmic vs linear?

[@vtbhagat]

EXCELLENT MENTORING OF THE PITCH FORK TOOL FOR VARIOURS WAYS OF USING THE SAID TOOL. THANKS

[@fractalflowpro]

Thanks

[@gattemsatyanarayana8579]

Thank you sir for educating the trading community

[@fractalflowpro]

My pleasure!

[@n1jrm]

great lesson , thanks

[@kabinaik3110]

New insight into pitchfork utility ! Sir, video on cycle analysis and tools will useful to traders.

[@leonardsanin7351]

+1 subscriber.Thank you for the video.May I ask which is the best time frame to use pitchfork?

[@roscobee4358]

Great example @ 4:25 Crude Oil Futures 30min. That fork was used by Andrews to isolate the 5th Pivot location either at the ML or the outer parallel. It's unique because if you begin with the pitchfork tail pivot 0 it skips Pivot 1 & 2 and goes directly to pivot 3 & 4....Gives it greater strength as many oversized moves begin on the 5th pivot especially when you have confluence with horizontal resistance as shown...Great work 👍

[@jd01665]

MCX:CRUDEO at 2023-06-06 This is another excellent ICT example. Have a look at the FVG:SIBI that starts forming on Monday 2023-06-05. Price partially fills the gap to 50% with the wicks on June 8th, 2023. These are confluent with the fork. Encourage anybody studying the forks to draw the pivot 1&2 mentioned above and try the schiff and mod schiff as well just to see how, in this example, the pitchfork gives you the time component. Together, you get a great entry or exit whether you were closing your trade or opening a new one. If you turn on replay and go to a 5 minute chart, you will see that as price breaks the 5988 price level and the fork, you would have a very nice entry short. Of course, there were also several earlier entries as price broke below the FVG, which is why ICT's methods are great and no need to draw a mini median line to see it for yourself, although if you do, you will see both methods are equivalent.

[@YannyKo13]

Great content as always Sir! More powers from Philippines!

[@fractalflowpro]

Thank you!

[@lewiscoates1691]

Nice video, Ed. I’ve mentioned it a couple of times in your last posts, but I’ll say it again: I’m very much looking forward to the next instalments of your newest course. I’m fortunate enough to have discovered your channel within a few months of starting in 2020, and hearing you talk about science in relation to finance is what really got me interested. I spent my first few years really focusing on price action reading with your help but now I can pretty much open a chart and see all the details within a few moments. This newer material in your new courses feel like the natural progression for me, and is making seriously question if I want to go back to school and study mathematics and/or statistics or something. Which leads me to a question: what sorts of statistical models do you recommend for trading? Do you use many statistical models yourself? I’m guessing this will be discussed in your next courses, I just have so many questions haha. Please keep up the good work.

[@fractalflowpro]

I use statistical arbitrage sometimes. The cointegration model.

[@Tothesky27]

Awesome ❤

[@Metoches]

Beautiful Ed, just beautiful!

[@interseccaoquadrupla670]

Making heat as usual professor. That s&p futures is always a good option 😂

[@isaacgary6801]

How do i get the cyclic lines too? Mention at 10:45

[@greckozz6520]

I think you cooking something here with the time intervals between major highs/lows there. If you study killzones/Quarter Theory from ICT we might have something powerful here.

[@jd01665]

ICT says he doesn't use Quarter's Theory. He does, however use grading of a price swing. Which seems very much like what Gann does with 25/50/75 and what Andrews does with cutting median lines in half or expanding them with parallel lines. You will find, if you use simple Andrews Action/Reaction lines when you draw them using the pockets or mountains and canyons/valleys in price (ICT calls them MMSM and MMBM - market maker models for buying and selling), that you can get a very good idea of the real levels in price. Do this as an experiment: Find a pocket and draw a Fib Channel. For a Valley (MMBM) find the two relatively equal highs and make that the first line of your fig channel, then for the point three, you drag it to the Valley bottom. This will give you a bunch of nearly horizontal lines on the chart, but with an angle of Andrews pitchfork without needing to select a location for the pitchfork tail. Tim Morge always said that pitchforks were a subset of action reaction lines, and when you see how this works, it sort of lays out a map of all the possible measured moves on the game board. ICT does the same thing with grading his price swings. It allows him to imagine in advance where the gaps will form. As pitchfork traders know already, they are often pointing right at the gaps before they even form when using pitchforks. The imbalances in the market and the edges are indicated in advance when using median lines and action/reaction lines. Most of the time, the instructors say to find a multi pivot line and then use your fib channel to get the action reaction lines from there. I find it much easier to pick a significant mountain or valley and set the mountain base or the valley crest. You know at these points that the market has been delivered to both sides and so you have identified the market algorithms working to ensure two sided delivery. After that, you just draw parallel lines and the fib channel on tradingview makes it pretty easy to do that if you fill it with your 0 line and then use 1-10 on both sides positive and negative. In addition to grading a price swing, he uses fibonacci for calculating measured moves above and below the market. The Fib Channel does the same thing for Action/Reaction lines. Then you just trade them as price moves through each level. When it swaps levels or zooms levels, you wait for a pullback and take low risk entries targeting the next level of price action. Hope that's enough essay and well explained, if not, ask away.

[@newayof6473]

I have a question. I've noticed that in many of your videos, you've been using regular Andrews pitchforks and modified Schiff pitchforks, but I haven't seen you use Schiff pitchforks. Is there a specific reason for that choice, and have you made a deliberate decision to not use pitchfans as well?

[@fractalflowpro]

I find that modified Schiff tends to work better in a lot of cases, but in theory, there is nothing wrong with the Schiff.

[@YannyKo13]

@@fractalflowpro Same with me Sir. The Modified Schiff allows you to draw more precise channel angles through anchored vector points

[@fractalflowpro]

I almost never use the Schiff to be honest

[@omarMGNalsabagh]

Finally advanced stuff is back

[@fractalflowpro]

I wouldn't say this is advanced at all. Pitchforks go way beyond all this.

[@omarMGNalsabagh]

You know i think we are just sick of the amount of scams on here, all repeating the same thing with no new information at all. So am glad at least you're always giving us a different perspective. Thank yoy

[@fractalflowpro]

What do you mean exactly?

[@omarMGNalsabagh]

No one on KZbin goes into any depth on their content except you, so literally I think we are all struggling to properly understand the markets. Do you know recommend any other channels like yours with such advanced concepts?

[@fractalflowpro]

I don't know any other trading channels that go in depth. All I see is people talking about the same nonsense over and over. Stuff like "trading was hard until I found out THIS secret"... Ridiculous.

[@montenay1112]

My favorite trading youtuber is back 😀. I've noticed you never look at charts for stocks. Do you find forex charts easier to trade than stock charts?

[@fractalflowpro]

Forex price action is smoother because it has more liquidity

[@tltc191]

Ed, I am going to suggest combining the pitchfork with ICT concepts by Michael Huddleston. The results are astonishing.

[@fractalflowpro]

I don't know anything about ICT

[@tltc191]

@@fractalflowpro He has been publishing content for some time now. His KZbin channel is "The Inner Circle Trader". A lot of the stuff is quite "heavy" to digest. Once you accept that the markets are algorithmically delivered, you will see precise market turning points based on the time of day. The original pitchfork concepts from Dr. Andrews works quite well at confirming price action.

[@fractalflowpro]

Apparently I'll have to study it and talk about it!

[@tltc191]

@@fractalflowpro It is an eye opener.

[@jd01665]

​@@fractalflowpro I'll give one example from an ICT lense. At 6:58 go to GBPUSD and put your fork in on the H4, then change to the weekly view and draw in the SSL (sell side liquidity) at 1.22519. Then go back to the fork that was drawn and notice how rice behaves as it leaves the upper median line parallel. It's true that forks and liquidity are both very much linked and work well together, after all, ICT's concepts are based on liquidity and imbalance, just as Andrews' work is based on gaps and highs and lows. #AlanAndrewsMedianLines are very complementary to ICT's methods of looking at where price will draw.

[@Adityayadav_14]

❤❤❤

[@hazaarbar1]

Can this be used on a 5 min tf

[@stillakzo]

Stock movements are random. Try to draw just lines using pen on a chart randomly, you'll notice support and resistant there too.

[@fractalflowpro]

There is no such thing as randomness in the real world. The perception of randomness is simply the observer's inability to understand the chain of causality of the system. Since the financial market is a system that reacts to predictions about itself, certain ideas end up working because of the self-fulfilling prophecy effect... Not because of their scientific validity.

[@stillakzo]

@@fractalflowpro do you think markets are efficient?

[@fractalflowpro]

Of course they are not efficient. The existence of liquidity proves that.

[@sushaps]

First to watch

[@dyonisis7681]

in any one of your examples, drawing trendlines or channel lines, along with support and resistance lines does the exact same thing. And your chart won't look like a contortionist was drawing on it.

[@INDIANATHEIST526]

Prediction works 100% until right side chart dissappears

[@fractalflowpro]

Plenty of live trading videos in the channel

[@Vishnu_771]

If Everyone using this on market, it will not work longer.

[@fractalflowpro]

Don't worry. That's certaintly not gonna happen.

[@fantaaastico8150]

I don't see it used much at all. I did dona quick search after watching his series and very little explanations or usage about it. But to your point, it could be being used and not mentioned

[@stillakzo]

Yes if everyone tries to exploit the same inefficiency, it disappears.

[@fractalflowpro]

Indeed it does, but that's not gonna happen.

[@shopcrate5687]

I don't know why trading seems so hard and complicated, all these patterns, flags, and analysis all mean the same thing.. Buy low sell high.. get in at a good price and get out at a better one 🤷🏾‍♂️🤷🏾‍♂️... You could draw all the lines you want if you not doing those 2 simple things you're losing

[@fractalflowpro]

All these lines and methods are ways of knowing if you are buying low and selling high. You can't just open a trade any time you want and go from there, otherwise trading would be very easy.

[@shopcrate5687]

Red is low green is high.. isn't that right

[@fractalflowpro]

Oh my god... you figured it out!

[@shopcrate5687]

@@fractalflowpro 🤷🏾‍♂️🤣

[@randymartin9040]

Yo did you actually report my comment? I got some weird popup and my comment is gone. I don't know if you read it because it was long, but it in no way was reportable, and was giving you praise? I'm so confused right now.

[@fractalflowpro]

I didn't. The comments are usually put on hold so I can review them since there are a lot of spammers/scammers who comment.

[@abdullahsamir1045]

Brother is in love with the pitchfork