...

the ellipses from hussin naiji's view

I just realized that my charts were behind by several hours. Here is the updated chart.

Pitchfork Goldmine!

HOURLY NZD/JPY — Price is showing signs of both strength and weakness....thus the ranging effect.

Pitchfork Goldmine!

DAILY USD/JPY — ...

Andrews Pitchfork (Median Line)

This is my take on the potential path of price within this setup.

Andrews Pitchfork (Median Line)

HOURLY USD/CAD — The reaction along the perimeter of the purple ellipse caught my eye so I decided to make duplicates of it shifted along its diagonal center. Let's see what happens.

the ellipses from hussin naiji's view

Price met resistance at the second ellipse from the top and couldn't make it all the way back up.

the ellipses from hussin naiji's view

Thanks for the compliment Traderlarry! As far as I know, FXsol is the only one which uses Accucharts.

the ellipses from hussin naiji's view

HOURLY EUR/USD — ...

Andrews Pitchfork (Median Line)

Another perspective:

the ellipses from hussin naiji's view

HOURLY USD/CAD — If the symmetry of these ellipses play out, then price should make it to the top ellipse before time causes price to move out to the right too far for it not to touch the ellipse. We shall see if this is the case shortly.

the ellipses from hussin naiji's view

DAILY USD/CAD — Price is definitely in for a test today to see if it is strong enough to stay away from the upper parallel of the blue down fork. Its modified schiff has offered some stiff resistance over the past several days, enough so to ...

Andrews Pitchfork (Median Line)

DAILY EUR/USD — Here's another (and most likely popular) perspective.

Andrews Pitchfork (Median Line)

The location of the circles are not indicative "when" price will reach the targets (but very well could end up being the case).

Andrews Pitchfork (Median Line)

DAILY EUR/USD — The arrows indicate the pivots used to draw the center line. Circles indicate price target areas.

Andrews Pitchfork (Median Line)

My initial take... The blue lines are of the same slope as the pitchfork.

Andrews Pitchfork (Median Line)

HOURLY EUR/USD — I like to dig deeper into a chart than what is readily seen. On the chart below, the pitchfork does a very good job at describing the path of price. However, there is a force occurring within the ellipses which is causing ...

Andrews Pitchfork (Median Line)

DAILY GBP/CHF — ...

Andrews Pitchfork (Median Line)

DAILY USD/CAD — Closeup of lower forks (I added a trendline and a lower warning line to modified schiff)

Andrews Pitchfork (Median Line)