Summary:
This is an experimental Pitchfork Grid System derived from multiple price action ideas:
1. Negative space extrapolation to create anchor points for uptrend pitchfork and downtrend pitchfork.
2. Pitchforks have Fib lines (dotted lines) for 0.382, 0.618, 1.382 and 1.618.
3. Notice how price reacts as lines cross from competing trend pitchforks.
The concepts here are difficult to understand at first; however, the alpha here is using the grid with additional TA to find which quadrants of the grid price is headed with high probability.
This is an experimental Pitchfork Grid System derived from multiple price action ideas:
1. Negative space extrapolation to create anchor points for uptrend pitchfork and downtrend pitchfork.
2. Pitchforks have Fib lines (dotted lines) for 0.382, 0.618, 1.382 and 1.618.
3. Notice how price reacts as lines cross from competing trend pitchforks.
The concepts here are difficult to understand at first; however, the alpha here is using the grid with additional TA to find which quadrants of the grid price is headed with high probability.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.