benssol

thanks Walter MT dont have the complete pitchfork as other platforms so i use 2 fib channels and set it's levell to 1,2,3, ... then Plot its bands on the median line of the PF

thanks alot walter you've experience with the tool so as you know to select the 3 points of the PF you can select it with your eyes on the last completed swing or to practice first you can use the ZigZag indicator after drawing it setting the entries and targets is easily the idea in the parallel lines upper and median and lowe lines any confluence with those lines and S/R level is important any confluent with those lines and another PF lines also is important the median line is the most important, it is the pivot that the prices tend to rest at it and play around it 80% of the time in case of a single PF when price resting @ the median line its undecesion case when it breaks it to the lower the first target is the lower median line and the same if it breaks above it also you can add a warning outside lines to the PF and they are a parrallel lines to the upper and lower PF median lines those warning lines serving the action/reaction principle so if the prices breaks the PF completetly it's target is the first warning line every line breaking usually require a return for testing in the attached chart GU 4H I attached the zigzag to make it clear you can see the whole picture the PF in bold blue and the warning lines are dotted around the PF -look at the prices at the median line -look at the first test for the upper median line at 28Sep and the return of the price to the median line -look at the first failure attempt to test the lower line and the retrun of the price to the median line in 22Oct - then see the break of the PF completely from the upside then the resistance at the first warning line then the price return to the eternal median line and it's bounce from this area so this pitchfork deserve to stay on the chart even if another one appear I hope all this post be helpful to anyone also it will be great if you share your experience Walter thanks again

the idea of the PF is that the price tend to walk in sine wave around the median line, so the price aiming to rest on the median line 80% of the time Pivots selection must be on the last settled swing, it's not virtual and PF can be used as long as they contain the price or their warning lines act as S/R if you need anything else just tell