Dont invest using a pitchfan. Just that in this instance the chart fits for purpose of demonstration of assessing value. which is near median.My assesment of placing the diagonal line on the high and lows around the swings of Feb and Apr.
it gives two touches on the bottom line and two touches on the top line and overall it looks symetrical,
and shows the BLOW OFF TOP extremely well. So that is the main reversal signal, outside the pitchfan....showing those topping spikes as abnormal
to the trend pattern.
On a lot of these trend line thingos, prices have extremes going above and my idea is of using them is for just another analysis method for assessing risk. But have been ..cutting losses a few on this share and loosing every time... so ?????????????? Looking for another entry every day....?