Developed by Dr. Alan H. Andrews, this technical indicator can be exploited to detect most profitable chances as well as sound and reliable support and resistance lines.

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.

Utilizing Awesome Oscillator, known as AO, would help traders to detect proper points by identifying phase of peaks and valleys. 1^st and 3^rd points have same phases while 2^nd point has the opposite phase.

On each wave and phase traders must select highest or lowest points to detect useful and correct 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.

A line can be placed to connect 1^st and 3^rd points, called Trigger line, to identify a beneficial support/resistance line.

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.

Diverse technical analysis can be generated from this pattern with various strength and effect.

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.

Most popular technical analyses are as follows;

1. 1^stType: When price moves along the line from 3^rd point and it cannot proceed near Median line, if it bounces from 3^rd line, where there would be other confirmation analyses from MACD, RSI or Candlestick patterns, price would jump toward Median line.
2. 2^ndType: On a normal pattern, in which price proceeds toward Median line from 3^rd line, if price cannot cross Median by a complete candlestick and other confirmations for reversal trend appear then price would probably return from Median line toward 3^rd line.
3. 3^rdType: After price proceeds toward Median line from 3^rd line and it bounces back toward Trigger line back without crossing Median line, if it cannot pass Trigger line where other reversal confirmations from indicators and patterns emerge then it would be highly probable that price moves away from Trigger line toward 3^rd line.
4. 4^thType: On the occasion that price proceeds from 3^rd line to 2^nd line with some fluctuations on Median line, if it cannot pass 2^nd line and other reversal confirmations arise, a reversal trend toward Median line can be speculated.