Looking at a GANN SQUARE when you are able to place the 0.618 point after the swing low is in place
you know when another big move starts, draw a gann square place the 0 point at the last upmove then the 0.382 at the top then the 0.618 at the bottom, then you automatically see the correction at 0.77 and a new trend at 1
The question is: how long this downtrend will last
responsibletrad8r
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@ProTrader64, looking at last correction it will drop then go up at least to half the price range it dropped and the put in an new low, so 50.000 seams to be a good buying point...
ProTrader64
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@zweiprozent, Good idea. Thanks
responsibletrad8r
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@ProTrader64, no green daily bar in the 50k area yet, so no valid swing long opportunity at the moment...