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Andrews Pitchfork

Andrws Pitchfork is a "combat efficiency trend channel" that an internal trend line was added.

The price development is based on the upper and lower trend line. During the correction / recovery phases bounces the course of the internal trend line or it finds a Kiss back motion at this "center line" instead.

The following figure shows a representation of the shematische Andrews Pitchfork, which is bounded by a lower and upper trend line and an internal trend line contains.

The Dow Jones Industrial moved about two years in a Pitchfork. This, while not particularly "elegant", but it recognizes the fundamental principle.