For stock market cycle analysis forks only work predictively if you use the correct pivots, otherwise just like most other tools they are random! To define a fork you need to use the last 3 pivots of the same fractal wave scale and prices according to Andrews hit the ML over 80% of the time. By tracking one smaller fractal wave scale this can be increased tremendously! (13Nov14)
This is the tool that I use to measure the price and time range for each fractal wave scale. The abbreviations I use are shown.
Extending the lines backwards or forwards show trend channels. Occasionally I also use additional internal lines as shown below with the fork lines extended backwards.
The cycle fork has 3 anchor or definition points. I use specific pivots and annotation is as follows; Fractal wave scale, followed by pivot numbers used for definition number e.g. D012 is a normal cycle fork whose definition points are D aily pivots 0, 1 and 2. If I talk about a median line or parallel this will be after the fork definition using ML for Median Line, MLU for the upper parallel, and MLL for the lower parallel. m-2-3-4 MLU is a normal cycle from milli pivots -2, -3 and -4 and I am referring to its’ median line upper parallel.