If I had better drawing tools I could go deeper into the elliptical realm. I'm trying to remember how I drew this (lol): url

the ellipses from hussin naiji's view

The fib arcs on my charting software are not reliable due to scaling issues.

the ellipses from hussin naiji's view

Thanks for the response.

Andrews Pitchfork (Median Line)

Something to share: url url

Andrews Pitchfork (Median Line)

Here is another:

the ellipses from hussin naiji's view

Pitchforks & ellipses — The lower ellipse is drawn starting at the crosshair of the fork and stretching it out along the handle until the ellipse intersects both corners of the fork. Then, I create a duplicate ellipse and drag it along the ...

the ellipses from hussin naiji's view

Sorry about the delay...

the ellipses from hussin naiji's view

Would you mind elaborating a bit more on this?

Andrews Pitchfork (Median Line)

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Andrews Pitchfork (Median Line)

HOURLY USD/CAD — Although I expected a posible pullback at resistance (circle), I must say that I was unprepared for it to be strong enough to take price outside of the fork....yikes! What occurred brings to mind the following words: "Trade ...

Pitchfork Goldmine!

HOURLY USD/CAD — I'm using this pitchfork as my primary pitchfork (I still have in the background the other one I used to "trim" price) since it is now fulfilling a better role at containing price. I'm looking for price to eventually reach the ...

Pitchfork Goldmine!

In order to draw the schiff lines, start off by drawing fibonacci lines on points A and B. Then, place the handle of the fork on the appropriate location (halfway vertically for a schiff or halfway vertically and then halfway to the right ...

Pitchfork Goldmine!

The price action is no doubt real. However, price showed that it didn't want to hang out down there. When price had enough "juice" to break through resistance which was capped off by the high of the candle with the huge spike, going short after that ...

Pitchfork Goldmine!

An example of a price action spike on the Daily EUR/CAD:

Pitchfork Goldmine!

I draw these types of forks because I see there are setups using median lines which are useful, but aren't drawn in the traditional way. For instance, I will use a low-low-high or a high-high-low as my pivot construction as long as I have a valid ...

Pitchfork Goldmine!

Hopefully this chart will help. I look for this type of setup whenever there is a spike in a candle (or a price action spike created by a series of candles) with lower highs or higher lows on the sides.

Pitchfork Goldmine!

A tad bit more flavor to the mix...

Pitchfork Goldmine!

HOURLY EUR/USD — A Tale of Two Forks (The upward trendlines represent the lower parallel of each forks modified schiff.)

Pitchfork Goldmine!