This idea is based on a Classic P0 - P3/P4 Andrew pitchfork which was used primarily for picking Powerful Pivot 5's and the resulting change in trend. What you will find when you look at this chart is that once you get the touch of the ML (P5) you can draw a new pitchfork and conclude that if indeed it is a P5 Pivot the market 80% of the time will reach the ML......which it has. If it passes beyond it, the next high probability target if the ML holds is the Upper MLH.
PS: You will also notice we have Time Pressure coming in on the P5 Pivot Hour of 144 & 180. For those of you who look at Fibonacci and Gann these numbers should be very familiar :)
Always remember
Timing Is Key!
PS: You will also notice we have Time Pressure coming in on the P5 Pivot Hour of 144 & 180. For those of you who look at Fibonacci and Gann these numbers should be very familiar :)
Always remember
Timing Is Key!
