wake up wednesday, page-68

Paul,

A fork is supposed to frame price and tell you something.

A standard fork is normally drawn as a high/low/high or a low/high/low, using swing points of similar significance (I try not to mix major and minor swings, and I use the extremes of price). Occasionally I pin the handle in a gap, usually at the top, and occasionally I pin a fork at the mid point of a previous swing.

Your blue fork is a low/low/high and you red is a high/high/low.

Try sticking to just the standard types and I guarantee patterns will start to magically appear at some point, and then you will start to recognise all the little patterns that give you confidence.

Having said that, There are 2 of my index charts which I hashed last weekend.

T91