See original below with DWEB trends turned on. DWEB trend nodes are marked with red shaded circles. The Gann fan simply connects nodes at a 1/1 ratio.
This should prove to be an added tool for price prediction.
What to watch for in terms of price action:
This should prove to be an added tool for price prediction.
What to watch for in terms of price action:
- Price captures trends?
- Price respects/follows or rejects/fails trends and retest?
- Look for patterns and make buy/sell thresholds.
- How does price react at each crossing at each drawing?
Trade confluence and confirmation based on your timeframe and risk limits.
Long-term outlook I want to build longs only if I see confirmation and confluence across multiple charts.
See link to part 1 (private chart )