![]() Under particular circumstance when Andrew's Pitchfork pattern has sharp acclivity or declivity, traders can place new 1 st point between a straight line from previous 1 st and 2 nd point to draw new enhanced pattern. It is believed that in more than 80% of the detected patterns trend would return to Median line, plotted from 1 st point while only remaining 20% shows shift of market sentiment toward new trend.Ī line can be placed to connect 1 st and 3 rd points, called Trigger line, to identify a beneficial support/resistance line. On each wave and phase traders must select highest or lowest points to detect useful and correct pattern. 1 st and 3 rd points have same phases while 2 nd point has the opposite phase. Utilizing Awesome Oscillator, known as AO, would help traders to detect proper points by identifying phase of peaks and valleys. It consists 3 points on Peaks and Valleys, on Bearish trend 1 st point should be placed on a peak, 2 nd point on valley of next wave and 3 rd point on peak of next wave. Andrews, this technical indicator can be exploited to detect most profitable chances as well as sound and reliable support and resistance lines. Price Action Strategy in Binary Optionsĭeveloped by Dr.Divergence and Hidden Divergence Strategy.Candlestick on Double Top Double Bottom. ![]()
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