littleriver

Crude Daily Gann fan test

NYMEX:CL1!   Light Crude Oil Futures
226 25 0
Presented here is a true 1x1 ratio. 1 day for 1 dollar. I
not sure the 1/1 should be 45deg
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I agree . The 1x1 appears to be the more valuable chart.
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What are you using to set up that fan?
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JR what do you think?
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the fan has to be simmetric
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Scaling of the chart certainly makes it to not always appear so but i believe from a math point of view it has good symmetry.
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LEONES PRO littleriver
draw the 1x1 wirth 45deg slope
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Have studied any of WD Ganns work?
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LEONES PRO littleriver
no, you? i don't use it very often, just as a approx guide
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LEONES PRO littleriver
comparing with other softwares this is not what they get. I think the gann tool in trading view has to be improved. it is not right. The fan should be set automatically
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That would make it much easier to use but this one is very flexible. It is up to the chartist to interpret the angles.
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LEONES PRO littleriver
yes maybe you are right
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Just now doing some research. After seeing some work by another member has gotten me interested in geometric analysis. Thought, i would start with the fann.
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LEONES PRO littleriver
ok let me know the outcome, this subject is obscure. I think it is subject to interpretation. I'm more focused on the COT reports at the moment..
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Wil do . I agree it can be very subjective.
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Interpreting this chart . I would say crude is experiencing weakness. perhaps support will come at that 4/1 line.
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LEONES PRO littleriver
going down quite heavily, could be a double top, not easy to enter here
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LEONES PRO littleriver
the grains are quite interesting now...corn seems close to a breakout to the upside
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Thank you for the heads up. I will apply this to more commodities soon to see what I get. WD gann was famous for his work with commodities. Wheat in particular.
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LEONES PRO littleriver
what is the picture next to your nickname?
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I make my own fishing lures. This is one if my creations.
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LEONES PRO littleriver
interesting, you need to catch the whale :)
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It is amazing the similarities to creating a chart and a fishing lure and in both cases I am fishing for something big. lol
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LEONES PRO littleriver
the grains are quite interesting now...corn seems close to a breakout to the upside
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