Once you know how to properly apply the Gann fan, it provides powerful guidance and precision.
Notice how it marks support, resistance, trend break and direction.
Iridium Communications: A Great Company At A Fair Price
NASDAQ:IRDM
- Iridium Communications has done really well in recent months between landing another large contract and increasing financial guidance.
- This has sent shares roaring higher, but this has a downside to it as well.
- The stock seems to be more or less fairly valued at this time, even though the...
spiral (bottom of correction back to top it started from) called top of ftx dump too (along with other things that called ftx dump tho). chart scaled vanilla 100:1
noticing this 45 degree line (relative to correction angle aka trend i used to make the spirals...tilt your head then add 45 degrees) was pivotal before...is it the cliff?
if it bounces here i keep...
NOTE : i am new to these concepts so please correct me if i'm wrong or could have done it better.
NIFTY 50 trendline is too steep maybe pullbacks towards less steeper trendline.
at this time it's also at 45' degree angle resistance.
This is a monthly chart that shows important relationships in terms of price and time. As we can see, through the 2008 crisis the market plunged almost 60% and saw around 350% increase thereafter, painting an all-time high in September 2018. Currently, the 10-year-cycle is seemingly done and another big selloff in the equity market appears to be zooming. The 25%,...
USOIL working the 1/3-1/2 square both price and time wise from the recent high. You can see the dashed horizontal support and resistance lines based on the aforementioned square range of 1/3 to 1/2. If bulls manage to turn this around, the first thing they will have to do is break beyond the descending 45 degree line of that highlighted 1/3-1/2 square.
The oil market was still unable to overcome resistance and during late hours gave back more than half of OPEC cut announcement gains. Next week is likely to be very active, as there is a lot of additional interest, the moves are expected to be quite violent. There is no clear signal of a breakout either way, following the market inertia by looking for limit buy...
USOIL is being well supplied after pulling back to the grand 45 degree line coming down from the top. If 5000-5050 area fails, the bear case becomes more relevant. Assuming pre mortem conditions, the inventory report turning this around and supply being dried up by incoming new demand, it is reasonable to look for entry opportunities on the lower timeframes. It's...
This chart is an attempt to show possible support and resistance lines that have been coiling the market lately. Bears did achieve a slightly lower low but were unable to follow through, an event that shows a change in market structure . If bulls can close higher timeframes above the 15 degrees resistance line, a stop buy setup approach seems reasonable....
How to Draw Gann an Angle
In this section, I’m going to teach you how to draw Gann fan angles. Many traders are used to drawing the Gann fan angles the wrong way which is why you need to pay closer attention to this section.
You first need to draw a perfect 45-degree angle and most sophisticated trading platforms should have incorporated such tools. On the...
