chungdha

My try with Gann Fan

BITSTAMP:BTCUSD   Bitcoin
Think Gann Fan should be interesting tool to use, it in combination with high low data and also combining with Elliott Theory it can help predict the movement and show where the resistance and supports are. This is first time trying out how it would work, as I am not experienced enough with it, but hope the more I use the closer it help me to a better predictions.

So I am combining it with Elliot theory 12345 and ABC, we are not in the retraction phase which is ABC after a long up with 12345 of the last few weeks. One thing with Gann fan is that it is hard to full predict the data when we are still moving own with A but once it move into B we should be easily predict B and C point.

I am using an adjusted Gann Box with angles added and to remove extra angle just delete the numbers that is not needed to make a more clearer Gann Fan box.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.