Andrews’ Pitchfork – Definition and Rules of Using

The creator of Andrews Pitchfork was an American named Alan H. Andrews, who based much of his thinking on cycles, especially Newton’s III Law applied to economics. This principle indicates that for each force acting on a body it exerts an equal but opposite force on the body that caused it. This well-known principle of physics was applied by Andrews in his trading and in fact, he gave a seminar called “Action-Reaction Course“, which allowed him to earn a lot of money. 

In this course, Andrew presented a methodology that made it possible to decompose the market trend by dividing it into two equidistant channels which in the graph looked similar to a trident, hence the name of this technique.

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