This is a reverse Andrews Pitchfork.
The A Point is higher than the C Point.
The Andrews Pitchfork is a tool, nothing more or less.
This tool, applied correctly, projects the most probable path of price. So nothing magic or secret.
The Andrews Pitchfork roots from a physical basis.
And that's the reason why we can apply it on EVERYTHING that fluctuates.
So, if you think it just works on Stocks or Futures, or any other money based product, you are missing out a very important point.
However, in this chart, we see what's going on, trying to filter out some noise using the Line Chart.
This is the exact same approach of analysis I'l do with every other product. I want to see a CIB = change in behavior. I want to see a SMACK! like momentum., followed by a scary one that follows ( confuse the crowd!).
Here we have it picture perfect.
Probably it's not by accident, because the VIX is a measurement of volatility = fluctuation (...of fear and greed).
My personal (attention:) OPINION (...since I don't have a crystal bowl), based on the Andrews Rules and my analysis is, that we shoot higher, at least to the Center-Line. Means, markets would tank.
Hopefully this helps you too, and awakens your interest in applying the Andrews Pitchfork to your trading.
T'care out there - be clever and risk small. The rest will come.
#LearnToEarn
The A Point is higher than the C Point.
The Andrews Pitchfork is a tool, nothing more or less.
This tool, applied correctly, projects the most probable path of price. So nothing magic or secret.
The Andrews Pitchfork roots from a physical basis.
And that's the reason why we can apply it on EVERYTHING that fluctuates.
So, if you think it just works on Stocks or Futures, or any other money based product, you are missing out a very important point.
However, in this chart, we see what's going on, trying to filter out some noise using the Line Chart.
This is the exact same approach of analysis I'l do with every other product. I want to see a CIB = change in behavior. I want to see a SMACK! like momentum., followed by a scary one that follows ( confuse the crowd!).
Here we have it picture perfect.
Probably it's not by accident, because the VIX is a measurement of volatility = fluctuation (...of fear and greed).
My personal (attention:) OPINION (...since I don't have a crystal bowl), based on the Andrews Rules and my analysis is, that we shoot higher, at least to the Center-Line. Means, markets would tank.
Hopefully this helps you too, and awakens your interest in applying the Andrews Pitchfork to your trading.
T'care out there - be clever and risk small. The rest will come.
#LearnToEarn
At the end of this month, we probably have a higher pivot-hgh.
Observe and learn.