What is Andrews Pitchfork?
Andrews Pitchfork is a three-anchor drawing tool that creates a median line and parallel channel lines from three selected swing points.
Andrews Pitchfork matters because it gives analysts a consistent way to discuss manual chart annotation and measurement. Drawing tools turn visual observations into explicit levels, slopes, ranges or scenario boundaries.
How to read Andrews Pitchfork
Read Andrews Pitchfork together with trend, timeframe, volatility and market context. Its main role is manual chart annotation and measurement, not replacing the underlying price series.
What Andrews Pitchfork does not tell you
The geometry depends on the analyst’s anchor points, so different valid anchors can produce different reference levels. Parameter choices, timeframe and data quality can materially change the result.
Use in bonds, rates and macro markets
In rates markets they can be used on yields, spreads and futures, but a drawn level is an analytical annotation rather than an independently observed market variable.
Technical chart structures are context, not certainty. BondStats does not present a candlestick, drawing tool, indicator reading or chart pattern as a standalone investment recommendation. Where a concept depends on discretionary anchors or parameter choices, those choices should be made explicit.