Every line on the chart represents support or resistance.
Vertical lines are time lines where trend may change.
One can use this chart as trading map for next few months. This chart can be used in standalone way or with other trading strategies like. Candle stick patterns, demand supply zones, Momentum indicators, Fibonacci ratios, trend channels or any other way of your own. This chart can be considered as trade conformation chart.
With all kind of tools and charts we are trying to analyse where trend will change, with this or with my any other chart my intention is not to judge top or bottom. With all the tools we will always try to find possible entry exit and stops only.
It is helpful in deciding entry exit and stops.
1. Select 3 or 5 or 8 or 13 candles which are from important swing high or low. Start from top or bottom.
2. Time and price needs to be in 1x1 proportion.
3. In case of up trend start from low of first candle to high of 3rd/5th....... candle. apply inverse to down trend i.e high of 1st and low of 3rd/5th......
4. To set charts on 1x1 use price and bar count tool and then use Gann tool
All Gann work is important on price and time both so setting charts correctly is important, practice on daily, weekly or monthly charts of stocks, commodity or any instrument.