Fanbonacci price prediction & levels 30 minute chart. April 4-25
Fibonacci lines are levels throughout both Gann Fans.
Gann lines are support and resistance throughout the Fibonacci lines
Above the light blue Gann line is a bullish sentiment.
Below the light blue Gann line is a bearish sentiment.
The first Gann Fan line is plotted from the opening price of the day of the beginning of the double bottom.
The second Gann Fan line is plotted from the closing price of the day of the beginning of the (assumed) double top.
Both Gann Fan lines are comprised of the same amount of bars.
The Fibonacci line begins and ends at the Gann Fan lines respectively.
Date & Time price prediction is when the sequential Fibonacci line intersects the light blue Gann Fan line.
For example:
-April 4th 1:00pm (2:00pm market time) $451. Red Fibonacci line intersects the light blue Gann Fan line.
-April 7th 8:30am (9:30am market time) $445. Green Fibonacci line intersects the light blue Gann Fan line.
Beware of the intersecting Gann lines, as the direction of the chart may change.
Let's see how this plays out!
Feedback/comments are welcomed.
Gann lines are support and resistance throughout the Fibonacci lines
Above the light blue Gann line is a bullish sentiment.
Below the light blue Gann line is a bearish sentiment.
The first Gann Fan line is plotted from the opening price of the day of the beginning of the double bottom.
The second Gann Fan line is plotted from the closing price of the day of the beginning of the (assumed) double top.
Both Gann Fan lines are comprised of the same amount of bars.
The Fibonacci line begins and ends at the Gann Fan lines respectively.
Date & Time price prediction is when the sequential Fibonacci line intersects the light blue Gann Fan line.
For example:
-April 4th 1:00pm (2:00pm market time) $451. Red Fibonacci line intersects the light blue Gann Fan line.
-April 7th 8:30am (9:30am market time) $445. Green Fibonacci line intersects the light blue Gann Fan line.
Beware of the intersecting Gann lines, as the direction of the chart may change.
Let's see how this plays out!
Feedback/comments are welcomed.