Andrew's pitchfork sometimes referred to as median lines consists of two powerful support/resistance lines with a middle line that can serve as both support/resistance. The upper resistance of the red pitchfork and the middle median line of the blue pitchfork are currently being tested. A successful breakout above these two immediate resistance lines will propel price towards the upper boundary of the blue pitchfork. Take note of the immediate resistance zone formed by the blue dotted lines as price must breakout and stay above this zone for the rally to continue. Failure to remain above the blue dotted zone will probably result in a retracement towards the red and green dotted support zones if the lower support boundary of the blue pitchfork does not hold.
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