Gann Cup And Handle
8 minutes ago
Applying a combination of geometry and Fibonacci ratios, we have an interesting strategy, and one of my favorites, the Gann Fan . (We also have a possible cup+handle formation too but I won't be covering that with this post).
Begin by applying a 45 degree angle to the highs and lows of swing trades and then applying a "Gann Fan" so the 1/1 lines up with your 45 degree line at the swings.
By measuring both the highs and lows, as well as the longer term fan, we can predict, sometimes with astonishing accuracy, both future price targets AND their timeline.
LUN is overall bullish .
The blue spikes indicate both possible targets and time and price points of where the lines converge and a breakout becomes increasingly likely.
Expect the price to produce a "shooting star" (long candle wick). The highs will not be sustainable and will drop very quickly but the overall trend upwards will remain.
.
The Orange triangle represents my targets with the top RED section being the tipy top of my possible targets.
The drop dead for this chart to be accurate, and the most likely date of true breakout is:
(or Sooner).
March 2 - 21:00 Mountain (-7 UTC ) from a price of around 6589
I'm forecasting this for fun.
Please do not take this as investment advice. Let's see what happens.
Good luck!
8 minutes ago
Applying a combination of geometry and Fibonacci ratios, we have an interesting strategy, and one of my favorites, the Gann Fan . (We also have a possible cup+handle formation too but I won't be covering that with this post).
Begin by applying a 45 degree angle to the highs and lows of swing trades and then applying a "Gann Fan" so the 1/1 lines up with your 45 degree line at the swings.
By measuring both the highs and lows, as well as the longer term fan, we can predict, sometimes with astonishing accuracy, both future price targets AND their timeline.
LUN is overall bullish .
The blue spikes indicate both possible targets and time and price points of where the lines converge and a breakout becomes increasingly likely.
Expect the price to produce a "shooting star" (long candle wick). The highs will not be sustainable and will drop very quickly but the overall trend upwards will remain.
.
The Orange triangle represents my targets with the top RED section being the tipy top of my possible targets.
The drop dead for this chart to be accurate, and the most likely date of true breakout is:
(or Sooner).
March 2 - 21:00 Mountain (-7 UTC ) from a price of around 6589
I'm forecasting this for fun.
Please do not take this as investment advice. Let's see what happens.
Good luck!
Trade active:
Current price is the low, if this chart is correct. :)
Current price is the low, if this chart is correct. :)
Comment:
Comment:
Little more detail. Looks like the ideal buy spot.
Comment:
