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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: ~digs who wrote (12101)11/23/2011 5:47:46 PM
From: Chip McVickar2 Recommendations  Read Replies (2) of 12410
 
from the way I was taught and from what I've learned about andrews pitchforks...
IMO...the one you presented is not a valid pitchfork

the low as drawn is correct, but their must be a corresponding high and low for the move off the pivot point...
the one which you have drawn needs to have the previous high.. not the one you've chosen...

Chip
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