Gann Fan and Gann Box on Inari (Bursa Malaysia)
First initial pivot point was chosen at the price 1.585 coz it was the significant starting cycle. I use RSI to represent cycle. In pricipal,Gann lovers use stochastic to denote cycle.
The last Gann box overlap, to represent uptrending and pullback. We can see in last greenbox, price reacted ant 1/1 line. and retrace to 50% which follow Gann theory that says, price always retrace on 1/3 or 2/3 but most of the time on 1/2.
From Gann, we can predict that price will bounce on 0.5 Gann line (last red box). Expectedly, it will comeback and catchup the trending 1/1 line on last green box.
we can expect a price reaction on 24 August and 3 september.
Expectedly, it will exit the last redbox at price 2.56 and continue uptrend to exit last greenbox somewhere around 10 september at price around 2.83.
The last Gann box overlap, to represent uptrending and pullback. We can see in last greenbox, price reacted ant 1/1 line. and retrace to 50% which follow Gann theory that says, price always retrace on 1/3 or 2/3 but most of the time on 1/2.
From Gann, we can predict that price will bounce on 0.5 Gann line (last red box). Expectedly, it will comeback and catchup the trending 1/1 line on last green box.
we can expect a price reaction on 24 August and 3 september.
Expectedly, it will exit the last redbox at price 2.56 and continue uptrend to exit last greenbox somewhere around 10 september at price around 2.83.
study on this INARI subject to inhormonic cycle.