Andrews' Pitchfork

Overview

Andrews' Pitchfork draws a three-pronged trend channel from a significant pivot point through the midpoint of a subsequent high and low, creating a median line that price is statistically drawn toward. It is a powerful tool for projecting future support and resistance in stocks and forex. Draw it using TradingView's built-in pitchfork tool and combine with Fibonacci levels for confluence.

How It Works

Select three points: a major swing (point A), followed by a reaction high (point B) and reaction low (point C). The median line runs from A through the midpoint of B and C. Parallel upper and lower lines are drawn through B and C respectively. Price tends to oscillate around the median line and respect the outer channel lines.

Key Signals

• Price reaching the median line from outside = trend-continuation entry zone.
• Price bouncing off the upper or lower parallels = potential reversal point.
• Sustained break beyond the outer channel = trend acceleration or reversal.
• Median line acting as a magnet confirms the pitchfork is correctly drawn.

Common Mistakes

• Choosing incorrect anchor points — the pitchfork is only as good as the three points selected.
• Forcing a pitchfork on a market without a clear three-point structure.
• Not adjusting the pitchfork when new significant swing points form.