The Price Action Tool Ignored By 99% Of Traders (Andrews Pitchfork Stock Trading Strategy)

Summary

The video explains Andrews Pitchfork, also called median lines, as a charting tool for identifying dynamic support and resistance, trend direction, and possible trade setups. It can be applied to stocks, forex, and futures across timeframes ranging from tick charts to monthly charts. The presenter emphasizes that its usefulness depends heavily on correctly and consistently choosing the chart’s three pivot points.

Construction and interpretation

Select three points:

• A: Start of a trend.
• B: A reaction high after A.
• C: A reaction low after A.

The resulting pitchfork has a median line (ML) and two parallel outer lines: the upper median line (UML) and lower median line (LML).

The presenter treats the UML and LML as dynamic support and resistance. If one is broken, its role may reverse—for example, resistance can become support.

The ML is described differently: it tends to attract price, but should not itself be treated as support or resistance. Repeated crossings of the ML while price remains within the pitchfork are presented as evidence of a strong, continuing trend.

A Schiff line, connecting points A and C, is used as an additional trend reference. In a bearish trend, the presenter says the trend continues while price remains below it. A break may signal that bears should stop selling and that bulls may buy future pullbacks. The opposite is said to apply in an uptrend.

Trading approaches

• Trade bounces: In an uptrend, consider buying near the channel’s lower boundary; in a downtrend, consider selling near its upper boundary. Wait for confirmation that price is reacting to the level.
• Trade breakouts: Consider buying a break above the channel or selling a break below it. Look for a clean breakout to reduce the risk of false signals.
• Combine pitchfork breakouts with RSI divergence: The presenter’s preferred approach is to trade a pitchfork breakout only when RSI divergence is also present. Examples include bearish divergence before a downside break and bullish divergence before an upside break. These are illustrative trades, not quantified performance evidence.

Practical guidance and cautions

• Pivot selection and pitchfork placement are subjective and require practice. The presenter suggests testing alternative reaction highs and lows and adjusting the lines to fit price action.
• Multiple pitchforks may be plotted to identify areas where support or resistance could be stronger.
• Use multi-timeframe analysis, starting with the monthly chart, then moving to weekly, daily, and four-hour charts. The video says higher-timeframe levels tend to produce stronger reactions.
• The indicator is not perfect. The video does not provide quantified returns, risk/reward figures, or a specific stop-loss or position-sizing method.

Assets and instruments mentioned

• Stocks
• Forex
• Futures
• RSI (technical indicator)
• Andrews Pitchfork / median lines and Schiff line (charting tools)

No specific tickers, prices, yields, valuation multiples, or market-performance statistics are given. No explicit “not financial advice” disclaimer appears in the subtitles.

Presenter/source: Narrator not identified; video source is The Secret Mindset.