In this educational video tutorial, I guide you through the process of setting up a Super Pitchfork using the Bitcoin daily chart. This method is inspired by Patrick Mikula’s work in "The Best Trendline Methods of Alan Andrews."
I demonstrate how to:
- Create and project reaction lines
- Generate bullish and bearish trigger lines
- Apply a personal timing technique for pitchforks based on Michael Jenkins’ methods by squaring significant pivots to the median line, reaction lines, and upper parallel to produce time-based reaction points anticipating potential market turns.
This walkthrough is for traders who already have a foundational understanding of pitchforks.
Inspired by the work of Patrick Mikula, this is how I personally apply and expand on the Super Pitchfork method in my own charting.
I demonstrate how to:
- Create and project reaction lines
- Generate bullish and bearish trigger lines
- Apply a personal timing technique for pitchforks based on Michael Jenkins’ methods by squaring significant pivots to the median line, reaction lines, and upper parallel to produce time-based reaction points anticipating potential market turns.
This walkthrough is for traders who already have a foundational understanding of pitchforks.
Inspired by the work of Patrick Mikula, this is how I personally apply and expand on the Super Pitchfork method in my own charting.
Nota
Bonus Tip: Measuring Time Cycles from Reaction LinesOnce your Super Pitchfork is fully drawn and the reaction lines are propagated, you can enhance your analysis by introducing a time-based study using TradingView’s new table draw tool.
Here’s how:
• After price crosses a reaction line, measure backward from that intersection point to the most recent significant high and low.
• Log the number of bars to each in a table.
• Do this consistently as price progresses through each new reaction line section.
Over time, this gives you a dataset of bar counts for significant highs and lows within each pitchfork segment. By averaging these values, you begin to establish a time cycle that can be used to forecast when the next significant high or low might form in upcoming sections.
Example:
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.