Andrew’s Pitchfork: 3 Steps Traders Take To Use This Analysis Tool

Disclosure: Your support helps keep running! We earn a referral fee for some brokers & services we list on this page. Learn more...

Andrew's Pitchfork, otherwise known as median line studies utilizes the concepts of support, resistance, and retracements (see: Support & Resistance).

As is visually depicted below, Andrew's Pitchfork consists of:

  • Handle
  • Resistance Trendline “tine”
  • Median Line
  • Support Trendline “tine”
andrew's pitchfork or median lines resistance support and tines


Steps to creating a Pitchfork

  1. Find a significant pivot or retracement (in the chart above, the lower left corner)
  2. Find the next significant pivot or retracement (the dotted blue line connects the first pivot to this second pivot)
  3. Find the next retracement (in the chart above, the solid blue line starting from the left and going down to the right)

Charting software finishes the pitchfork by creating the upper resistance “tine”, the lower support “tine”, and the median line.

Note: “tine” is the terminology used by the creator of Andrew's Pitchfork, Dr. Alan Andrews.

Interpreting Andrew's Pitchfork

The same rules for support and resistance apply to Andrew's Pitchfork. Traders might consider buying at support and look to sell at resistance (see: Support & Resistance).

Also, prices are thought to gravitate towards the median line as depicted in the chart above of the S&P 500 exchange traded fund.

The chart above shows the long-term view (1 year 6 months) of the stock market; however, Andrew's Pitchfork can be used for shorter time frames.

How to Get Started Trading

If you are interested in trading using technical analysis, have a look at our reviews of these regulated brokers available in to learn which charting tools they offer:

Loading table...

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73.0%-89.0% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Further Reading

Learn more about technical analysis charting concepts and strategies including Typical Price Moving Average,  and Average Directional Movement, and Triangular Moving Average.

Also see our guide to understanding the basics of reading candlestick charts and option trading strategies.

[[{{Country}} Welcome]]
[[{{Country}} Welcome]]