stephenm

Why it pays to leave pitchforks on your charts

FX:USDJPY   Dollaro / Yen giapponese
The second pitchfork was originally a traditional fork, with a touch back to the swing low at A. Price initially didn't do a whole lot with this fork before leaving it. However, in the last 12 hours it has come back and bounced within a few pips of the traditional median. A quick adjustment to the fork and I now have a best fit with a couple of nice touches to the median, the lower parallel, and the fibonels.
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