In my last idea I forecast a major low using repeating time and price ranges. The market found support at the critical 50% of range pressure point and rallied strongly to form a potential double bottom. Using balancing of time I have forecast dates to watch as pressure points for minor trend changes. I am predicting the market to fall back to support on the 9th to possibly form a triple bottom. If this eventuates and the market holds we can expect a 200% of the A-B range. This gives a price target of $241. Using Gann's balancing of time, repeating time frames and seasonal time I am forecasting the 15th Feb for this potential setup. I went short at $147 expecting this minor retest but will reverse and go long if the market presents a signal on the 9th at support level.
Ian - Aussie Gann Trader
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Here is the Gann square I'm working with. There's quite a lot of resistance at the current price point. The range resistance percentages and Gann angles have been reliable points of support and resistance.
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Possible head and shoulder pattern forming. If it breaks the neck (blue line) the price should fall to the strong support zone.