Andrews Pitchfork Pattern

The concept of the "Pitchfork" pattern and its powerful trading method were first developed by Dr. Alan Andrews. "Pitchfork" and median line concepts work in all time-frame charts and in all instruments. Other "Pitchfork" theories were developed by Roger Babson and Timothy Morge.

Andrews' "Pitchfork" consists of three "swing" pivot points, A, B, C and three parallel lines. Construction of the "Pitchfork" is relatively simple. Draw a line connecting B and C points. From A pivot point, draw a line connecting A to the mid point of B-C. The middle line-from A is called the "median Line." Draw parallel lines from B and C along the median line to form a "Pitchfork."

Trade: Dr. Andrews suggested that about 80% of the time, when trend is intact, prices gravitate towards the median line. Hence, when prices reach to the top trend line, take profits or short the market. Also, when prices reach the bottom trend line, enter a long position or close a short position.

Target: The targets for "Pitchfork" are usually at the median line. If the price does not stop at the median line, it will tend to move to the lower trend line (for shorts) or move to the upper trend line in case of a "long" trade.

Stop: Pitchfork upper and lower trend lines act as the "stop" levels for trades. For "short" trades, place a "stop" order above the upper "pitchfork" line, Similarly, for "long" trades, place a "stop" order below the lower pitchfork line.

Pitchfork Pattern
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