As you can see in the above 1 hour chart, Andrew’s Pitchfork was drawn by the use of point 1,2

and 3. We found the

most recent low, which was at point 1. The next step is to pinpoint the highest move made from point 1, which is
point 2. The next step is to determine the lowest retracement move made from point 2, which is point 3.

Once all those points are connected, you get the extension lines as seen in the picture above giving you insight that
there may be an uptrend progressing.

The middle line is known as the median line, the top line acts as resistance and the bottom line acts as support. This
indicator shows continuous points of support and resistance. The ideal way to use the pitchfork is to sell when the
price moves to line 2 and to take profit when it reaches the median line.

As you may see from the above picture, price encountered support on line 3 for an extended period of time, when it
finally moved to higher highs. Price then broke through the median line to test resistance line 2, before finally
heading back to the median line.

The pitchfork is a great tool to use when the market is trending.