Rule for 1D chart with 45degree angles:
price/bar ratio should be 24 (1point per hour)
or some other 1(price unit) x 1(time unit) ratio you like.
(without a 1x1 price ratio it will not work well)
That said.
THE FANs:
the downtrend one shows how to read it.
The far from the 45degree, the FAST it moves.
The closer it gets to the 45degree, the velocity get slower (because it is changing the FORCE from bearish to bullish)
(you can see the close it gets to the downtrend 45degree diagonal, the slower the fall the faster the propulsion up gets)
(also you can see the propulsion up gets stronger when the price breaks the 50% of the fan - the red thin lines are the 25%, 50%, 75% inside the fans, great support/resistance levels)
SO
since ~7.4k the price is UPSIDE the uptrend 45degree.
SO
IF price hit the yellow and red uptrend FAN area it will MOVE UP AS FAST as it WENT DOWN in the same area in the previous downtrend, but UP.
SO?
IF the price his the 0.666 level (at 13247) BEFORE july it will BRING A HUGE FAST MOMENTUM UNTIL 20K near middle September.
COOL!
BUT if the price fail that it MAY do 2 things:
-weak bullish IF it keeps ABOVE the 45degree UPTREND diagonal.
-STRONG BEARISH IF it BREAKS DOWN the 45degree UPTREND diagonal.
ALL GONNA BE DECIDED THIS WEEK, FOLKS!
SO it is time to prepare the LONG and SHORT strategies.
LET THE PRICE TALK!
price/bar ratio should be 24 (1point per hour)
or some other 1(price unit) x 1(time unit) ratio you like.
(without a 1x1 price ratio it will not work well)
That said.
THE FANs:
the downtrend one shows how to read it.
The far from the 45degree, the FAST it moves.
The closer it gets to the 45degree, the velocity get slower (because it is changing the FORCE from bearish to bullish)
(you can see the close it gets to the downtrend 45degree diagonal, the slower the fall the faster the propulsion up gets)
(also you can see the propulsion up gets stronger when the price breaks the 50% of the fan - the red thin lines are the 25%, 50%, 75% inside the fans, great support/resistance levels)
SO
since ~7.4k the price is UPSIDE the uptrend 45degree.
SO
IF price hit the yellow and red uptrend FAN area it will MOVE UP AS FAST as it WENT DOWN in the same area in the previous downtrend, but UP.
SO?
IF the price his the 0.666 level (at 13247) BEFORE july it will BRING A HUGE FAST MOMENTUM UNTIL 20K near middle September.
COOL!
BUT if the price fail that it MAY do 2 things:
-weak bullish IF it keeps ABOVE the 45degree UPTREND diagonal.
-STRONG BEARISH IF it BREAKS DOWN the 45degree UPTREND diagonal.
ALL GONNA BE DECIDED THIS WEEK, FOLKS!
SO it is time to prepare the LONG and SHORT strategies.
LET THE PRICE TALK!
Comment:
a gann fan "fractal"