USDCAD – Overlapping Pitchforks
Are Pitchforks useful? Do they show us anything that might help us in our trading?
Take a look at the image above. The harmonic+pitchfork combo on the left side of the graphic was from March 11, 2019. You see the most recent Harmonic (at the time this image was taken, on 2019/03/21) and how the entire pitchfork from the left side fits into the 38.2 and middle of the next pitchfork?
That 38.2 *could* be a sign of a potential support zone which would be worth noting as a potential reversal area.