Using the Gann tool we can plot down trends and uptrends Plotting both, it gives a support point for price, and also a resistance point I expect a bounce off the support from the downtrend Gann line at some point This bounce will hit the resistance Gann line (in red)
A large up channel can also be plotted if you place this up move (dotted line) The indicator is what I expect will occur as price moves (in white)