littleriver

Apple Weekly Gann Fan / Fibonacci

BATS:AAPL   Apple Inc
604 6 1
Just sharing this point of view. Not much to be bullish about looking from this angle.
as far as I know, gan fans, without scaling your chart, are useless. and as far as I know you can't scale your charts on this platform.
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littleriver johann-sebastianbaha
Your entitled to your opinion johann. Your not alone in it. However, I would argue the fans are placed and drawn based on real data contained within the chart itself and not 45 degrees based on the scale of the chart. The 1/1 represents the desired path of price. That is it's true nature. What better place to get this data than the high and low of the chart itself? With this data an average rate of change per candle may be drawn. How useful are the charts? They are meant to be guide for judging the current rate of change based on data from the recent past. Like most tools they are only as good as the person charting and reading them. I myself am still in the process of discovery. Thank you for sharing your thoughts.
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appreciate your reply. if you are in the process of discovery there are 2 sofwares where you can truly scale your charts. Wave59 and Market analyst 7
getting the softwares is one thing figuring out how to scale the charts properly is another. but those 2 softwares definitely let you do that. once you properly scale your charts the market geometry(squares,triangles,quadlaterals, hexagons) works like a magic and you open up the price-time universe which I think gives one a true edge. michael jenkins, bryce gilmore, earik bean are good authors to start with. I write these lines with humility as another person who is in the process of discovery as well. all the best
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QuantitativeExhaustion johann-sebastianbaha
What chart scale are you talking about?

Log Scale

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littleriver johann-sebastianbaha
I appreciate the information . Thank you for sharing. I am very much interested in geometric analysis and would like to see your point.
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snapshot


Looking at the lower shadows of the candles I did notice they appear to be getting longer, like landing gear on an airplane; they are coming down for a landing.
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