Take the points’ high and low and connect them with a straight line. The first thing you need to do when drawing the Andrews Pitchfork indicator is to build a straight line between point 2 and point 3. The third point is the retracement of the initial swing move. The second point is a high during the emergence of the trend. For this example, the first reference point is at the beginning of the trend move. You need to take three reference points from this trend in order to draw the Pitchfork indicator.

You are currently looking at a bullish trend on the EUR/USD chart. Picking the 3 Initial Points of the Andrew’s Pitchforkīefore you can plot the Andrews Pitchfork, you must first find an emerging or existing trend on the chart. If the price action begins to react to the levels of the Pitchfork, then this will help confirm the validity of the Pitchfork study drawn on the chart.