Crossed Andrew Pitchforks for H/L estimation

[aquarian1]

I thought it might be interesting to have input from different people.

No set agenda - just a place for people to contribute their ideas.

 

[aquarian1]

Here is a chart of the ES (120 min) with crossed Forks

 

[onemoreshot]

Can you explain where you see the value in all these crossing lines? I'm rather confused since there are so many.

 

[aquarian1]

Can you explain where you see the value in all these crossing lines? I'm rather confused since there are so many.

Well this is just the start of an experiment. (As the US market is quiet for its Thanksgiving there is no movement as yet.

The idea is to find turn points in advance.

Using a channel as an example, you have a movement up and down within a channel until the channel is broken. If it is an uptrend channel then you would like to know, in advance which peak touching the upper channel boundary is the last touch before the channel is broken.

 

[aquarian1]

here a clearer chart than the first post

 

[aquarian1]

here's an update -the swing high has still held

 

[aquarian1]

update
now that the high is in - I have adjusted the forks to fit
After a retracement I will try new forks for the low estimate