Today I show a good method to determine support and resistance levels base on Gann Square of Nine.
You can see what is Gann Square of Nine here:
www.triggers.ca/blog...ann-the-square-of-9/
Gann developed Gann Square of Nine for many purposes:
- Forecasting support and resistance level.
- Forecasting the day happening breakout.
Gann indeed was a genius in technical analysis. Besides Gann square of Nine, we also know about Gann Fan, Gann retracement, Gann Box, but I appreciate Gann Square of Nine; it is the foundation of my TA style.
In TradingView, I cannot upload image so I cannot show how Gann Square of Nine works.
I send a link showing what is Gann Square of Nine, you can Google for more detail and image.
In Gann Square of Nine, numbers or cells fall on the diagonal cross and cardinal cross provide support and resistance levels.
I divide the numbers on the diagonal cross and cardinal cross for 100, 1000, 10000 to get exact level I want.
The cells I divide for 100 shape long term support and resistance level. I show on the chart the black lines
the cells I divide for 1000 shape medium term support and resistance level. I show on the chart the red lines.
And the cells I divide for 10000 shape short term support and resistance level, I show on the chart the blue lines.
Intraday traders can use short term level for trading. It's very useful. the price respect those levels greatly.
Some people told me that, using TA Gann methods, when it's true, it's very true, when it's wrong, it's very wrong. However, I nearly correct all limits and restricts of Gann methods, now it's always true in any case. Understand the LAW of VIBRANT, understand laws of nature, you can trade forex easily. All objects in universe, you see it moves chaotically, but indeed, it moves in order, your job is to determine the order, the law shaping the move of that object. You see price moves chaotically, indeed it moves orderly.
Indeed, this discovery I show in this article,I develop by myself, I develop from what Gann did.
Coincidentally, Gann Square of Nine support and resistance levels also coincide Fibonacci levels and Pivot Points level. A perfect match.
You can see what is Gann Square of Nine here:
www.triggers.ca/blog...ann-the-square-of-9/
Gann developed Gann Square of Nine for many purposes:
- Forecasting support and resistance level.
- Forecasting the day happening breakout.
Gann indeed was a genius in technical analysis. Besides Gann square of Nine, we also know about Gann Fan, Gann retracement, Gann Box, but I appreciate Gann Square of Nine; it is the foundation of my TA style.
In TradingView, I cannot upload image so I cannot show how Gann Square of Nine works.
I send a link showing what is Gann Square of Nine, you can Google for more detail and image.
In Gann Square of Nine, numbers or cells fall on the diagonal cross and cardinal cross provide support and resistance levels.
I divide the numbers on the diagonal cross and cardinal cross for 100, 1000, 10000 to get exact level I want.
The cells I divide for 100 shape long term support and resistance level. I show on the chart the black lines
the cells I divide for 1000 shape medium term support and resistance level. I show on the chart the red lines.
And the cells I divide for 10000 shape short term support and resistance level, I show on the chart the blue lines.
Intraday traders can use short term level for trading. It's very useful. the price respect those levels greatly.
Some people told me that, using TA Gann methods, when it's true, it's very true, when it's wrong, it's very wrong. However, I nearly correct all limits and restricts of Gann methods, now it's always true in any case. Understand the LAW of VIBRANT, understand laws of nature, you can trade forex easily. All objects in universe, you see it moves chaotically, but indeed, it moves in order, your job is to determine the order, the law shaping the move of that object. You see price moves chaotically, indeed it moves orderly.
Indeed, this discovery I show in this article,I develop by myself, I develop from what Gann did.
Coincidentally, Gann Square of Nine support and resistance levels also coincide Fibonacci levels and Pivot Points level. A perfect match.