Indices Technical Analysis with Andrew Pitchfork Trigger Line

  • July 17, 2017

Sell Gold (Based on Bearish Pitchfork Technical Analysis on 23 Jul 2015 at 12:00)

  • Table of Specifications

    • Trading Pattern: Bearish Andrew’s Pitchforks
    • Signal Type: 1st Model
    • Trend Direction: Bearish
    • Symbol: XAUUSD (Gold)
    • Entry Price: 1101.590
    • Take Profits: 1098.360 and 1095.130
    • Take Profits (pips): 32 and 65 pips
    • Stop Loss: 1104.820
    • Stop Loss (pips): 32 pips
    • Starting Time of Formation: 15 Jul 2015 at 02:00
    • Pitchfork Type*: Bearish Drawn 50%
    • Time to completion(TTC): 8 Candles
    • Number of Candlesticks on complete pattern: 149 Candles
    • Time-Frame: Hourly
    • Time: 12:00 (Based on FXPro server)
    • Date: 23 Jul 2015
    • Expiration: 8 candles
    • Strength: 84

Description of Pitchfork

Starting point of given Andrew Pitchfork pattern is on 1156.81 on 15 Jul 2015 at 02:00 As trend continued its downward direction toward bottom, 2nd spot formed on 1087.55 at 04:00 Eventually 3rd point appeared on 1109.82 at 14:00 After given pattern is formed by determining these 3 points, Trigger line can be specified by connecting 1st and 3rd points.
Price moved toward Median line on ………… at ………… and it bounced back toward Top. After price moved along Trigger line then Sell signal is generated.

Considering that

  • Bearish Engulf Candlestick pattern formed on 12:00
  • RSI line entered Overbought area and it crossed level 70 toward bottom on RSI Value 71

the Sell signal is generated with Entry Price 1101.590 and two Take Profit prices 1098.360 and 1095.130 while Stop Loss is 1104.820.


Sell Gold (Based on Bearish Pitchfork Technical Analysis on 23 Jul 2015 at 12:00)

Description of given pattern

  • Price of 1st point of given Bearish Andrew Pitchfork: 1156.81
  • Price of 2nd point of given Bearish Andrew Pitchfork: 1087.55
  • Price of 3rd point of given Bearish Andrew Pitchfork: 1109.82
  • Price of intersection with Median Line of given Bearish Andrew Pitchfork: 1088.260 on 15 Jul 2015 at 02:00

From two provided Take Profit prices, the most appropriate one can be selected by applying Risk/Capital management principles, trend line and other confirmations


Sell US Dollar Japans Yen (Based on Bearish Pitchfork Technical Analysis on 24 Apr 2015 at 06:30)

  • Table of Specifications

    • Trading Pattern: Bearish Andrew’s Pitchforks
    • Signal Type: 1st Model
    • Trend Direction: Bearish
    • Symbol: USDJPY (US Dollar Japans Yen)
    • Entry Price: 119.551
    • Take Profits: 119.471 and 119.391
    • Take Profits (pips): 8 and 16 pips
    • Stop Loss: 119.631
    • Stop Loss (pips): 8 pips
    • Starting Time of Formation: 23 Apr 2015 at 16:15
    • Pitchfork Type*: Bearish Drawn 50%
    • Time to completion(TTC): 8 Candles
    • Number of Candlesticks on complete pattern: 58 Candles
    • Time-Frame: 15-Minute
    • Time: 06:30 (Based on FXPro server)
    • Date: 24 Apr 2015
    • Expiration: 8 candles
    • Strength: 81

Description of Pitchfork

Starting point of given Andrew Pitchfork pattern is on 120.031 on 23 Apr 2015 at 16:15 As trend continued its downward direction toward bottom, 2nd spot formed on 119.423 at 21:45 Eventually 3rd point appeared on 119.656 at 01:30 After given pattern is formed by determining these 3 points, Trigger line can be specified by connecting 1st and 3rd points.
Price moved toward Median line on ………… at ………… and it bounced back toward Top. After price moved along Trigger line then Sell signal is generated.

Considering that

  • Shooting Star Candlestick pattern formed on 06:30
  • Stochastic line entered Overbought area and it crossed level 80 toward bottom on Stochastic Value 85

the Sell signal is generated with Entry Price 119.551 and two Take Profit prices 119.471 and 119.391 while Stop Loss is 119.631.


Sell US Dollar Japans Yen (Based on Bearish Pitchfork Technical Analysis on 24 Apr 2015 at 06:30)

Description of given pattern

  • Price of 1st point of given Bearish Andrew Pitchfork: 120.031
  • Price of 2nd point of given Bearish Andrew Pitchfork: 119.423
  • Price of 3rd point of given Bearish Andrew Pitchfork: 119.656
  • Price of intersection with Median Line of given Bearish Andrew Pitchfork: 119.436 on 23 Apr 2015 at 16:15

From two provided Take Profit prices, the most appropriate one can be selected by applying Risk/Capital management principles, trend line and other confirmations


Sell Euro US Dollar (Based on Bearish Pitchfork Technical Analysis on 08 Apr 2015 at 10:45)

  • Table of Specifications

    • Trading Pattern: Bearish Andrew’s Pitchforks
    • Signal Type: 1st Model
    • Trend Direction: Bearish
    • Symbol: EURUSD (Euro US Dollar)
    • Entry Price: 1.08658
    • Take Profits: 1.08538 and 1.08418
    • Take Profits (pips): 12 and 24 pips
    • Stop Loss: 1.08778
    • Stop Loss (pips): 12 pips
    • Starting Time of Formation: 07 Apr 2015 at 10:30
    • Pitchfork Type*: Bearish Drawn 50%
    • Time to completion(TTC): 8 Candles
    • Number of Candlesticks on complete pattern: 98 Candles
    • Time-Frame: 15-Minute
    • Time: 10:45 (Based on FXPro server)
    • Date: 08 Apr 2015
    • Expiration: 8 candles
    • Strength: 77

Description of Pitchfork

Starting point of given Andrew Pitchfork pattern is on 1.09401 on 07 Apr 2015 at 10:30 As trend continued its downward direction toward bottom, 2nd spot formed on 1.08336 at 11:30 Eventually 3rd point appeared on 1.08843 at 17:15 After given pattern is formed by determining these 3 points, Trigger line can be specified by connecting 1st and 3rd points.
Price moved toward Median line on ………… at ………… and it bounced back toward Top. After price moved along Trigger line then Sell signal is generated.

Considering that

  • Stochastic line entered Overbought area and it crossed level 80 toward bottom on Stochastic Value 84

the Sell signal is generated with Entry Price 1.08658 and two Take Profit prices 1.08538 and 1.08418 while Stop Loss is 1.08778.


Sell Euro US Dollar (Based on Bearish Pitchfork Technical Analysis on 08 Apr 2015 at 10:45)

Description of given pattern

  • Price of 1st point of given Bearish Andrew Pitchfork: 1.09401
  • Price of 2nd point of given Bearish Andrew Pitchfork: 1.08336
  • Price of 3rd point of given Bearish Andrew Pitchfork: 1.08843
  • Price of intersection with Median Line of given Bearish Andrew Pitchfork: 1.08153 on 07 Apr 2015 at 10:30

From two provided Take Profit prices, the most appropriate one can be selected by applying Risk/Capital management principles, trend line and other confirmations

مطالب مرتبط
دانلود رایگان
قدرت شگفت انگیز دانش و ثروت
نرم افزار دستیار فارکس حرفه ای
x