Excellent study @malmanu thanks Its not just a coincidence that...

Excellent study @malmanu thanks
Its not just a coincidence that you have identified the Andrews Pitchfork Major trigger Lines that we had been looking at.on some of the charts on this thread.

This is an excellent read on the Andrews Trends...Pitchfork Theory...The bottom of the link shows the Andrews Trigger Placement..

as you will see on this chart the trendline.."trigger" boundaries in red and green are "your" major trend convergence lines..

The link attached makes some nice observations on the "Subjective" Nature of TA..and consequently the different placement of trendlines each of us may use....
Our differing trading tecniques and time frames can still benefit by these subjective placements...

Hey @Obe wan ..pretty funny but not constructive.....a lot of insight and food for thought in that chart..
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and my view is a bit tenuous that the (white)arrowed trendline will hold and does show the stochastic momentum has just turned up from its oversold range boundary..
.It does have a better likelihood of continuing on its current horizontal level.as there is little evidence of the necesarry increased momentum so Malmanu's target is also possible..a lot may also happen in the interim...