EMS 0.00% 1.8¢ eastern metals limited

texasthe median line from the first price pivot through the...

  1. 2,793 Posts.

    texas

    the median line from the first price pivot through the median price between the next two price pivot points, is what determines the upper tine/parrallel

    pivots being either: low, high, low (OR) high, low, high - usually more than five bars or candle sticks apart - any smaller and they start being called mini-pitchforks

    for low, high, low - the upper tine will come off the high pivot

    for high, low, high - again, the upper tine will come off the second high

    it's just a case of what direction the pitchfork is pointing - up or down



    good luck

 
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