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RE: Ethereum - Andrews Pitchfork Consolidation - $230.00 Target

in #ethereum6 years ago

Hello Trendwizard, I am new to Steemit and was just going through some forex/crytpo posts. As im also trading pitchforks my eye was immediately drawn to your post. Now im not saying your analysis or the way you trade is incorrect BUT the pitchfork you drew on your chart here should be pointing downwards, thats one of the main rules, you are connecting Swing Low to Swing High then back to previous swing high (which you did) but if the fork is then still pointing upward you can wiggle the lever around to adjust it. The idea behind this is, since you established a Swing High you would be looking for price to go down. I see this is an old post of yours but it just hit me when i saw it.

This is what i mean (i know in hindsight everything is easier, but just to show the angle of the fork)
https://www.tradingview.com/x/y0MJcy1f/

This is a newer fork i drew just now, its been keeping price in check quiet nicely

https://www.tradingview.com/x/6y3dJOxB/

Are you still trading Pitch forks? I am a huge fan of them and will also start sharing more ideas in the future.

Lets connect and profit together.

You can find me on tradingview under 'AlexandreFXKG' , insta 'alexd3008' and I have a whatsapp group where we share ideas https://chat.whatsapp.com/KLHleoZZkOhF3V5QAumNLT