The modified Schiff Pitchfork in this example on the DAX starts from the 10th November. The ‘c’ point is on the 12th November and the resulting fork has contained price action ever since. The fork is upsloping so we still have a very moderate bullish trend, with a consecutive series of higher highs and higher lows, but there is not a lot of momentum.

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DAX Analysis

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DAX Pitchfork Break to the upside

DAX Pitchfork Break to the upside

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