In this article, we are drawing Pitchfork channels on Nikkei
On the monthly Nikkei chart, we can see that the instrument is still consolidating below the 21000 level and is bouncing off an uptrend channel support line 19000 level.
Using Andrews Pitchfork tool hint: to plot Andrew’s Pitchfork on a chart, first look for three consecutive big highs or lows at the asset’s price. These key points are highlighted in the chart below.
Andrews Pitchfork trading technical analysis is included in Complete trading transformation program 2019!
We have used the combination of the top-down trading analysis and the Andrews Pitchfork channels to get to a trading entry stop loss levels and targets. On the daily chart, the downtrend sideways Pitchfork channel has been formed and a median channel line is now a resistance 20000 level. By a trading perspective, you can enter a good risk to reward long trade entry with the stop loss below the 19500 targeting 21100 level higher on a daily close above the 20100.
Our service is with you for 4 years! Net profit in 2017 11.2% Net profit in 2018 YTD 19.80%! We are beating the algos!
