The trading techniques by W.D. Gann are widely seen as innovative and are still studied and used by traders today. He used angles and various geometric constructions. Gann angles divide time and price into proportionate parts and are often used to predict areas of support and resistance, key tops and bottoms and future price moves. The method is based on the notion that markets rotate from angle to angle and when an angle is broken, price moves towards the next one. Several angles together make up a Gann Fan.
The angles are drawn from the main tops and bottoms while the chart is scaled appropriately to ensure the market has a square relationship. The most noteworthy angle is the 1x1 or the 45° angle, which represents one unit of price for one unit of time. A change in the direction of price is expected when the market reaches an equal unit of time and price, up or down. TradingView has a smart drawing tool called the Gann Fan to apply several Gann angles to the chart and other tools like the Gann Box and the Gann Square to visually identify key levels on a chart.
I botched my last chart like this so I fixed it.
Cycles shown are
15 deg, 22.5deg, 30 deg, 45 deg, 60 deg, 90deg.
(within a ten year cycle)
When the cycles meet there are big moves. Starting date is a bit unclear, I began 45 deg previous to the top of the june 2011 bubble.
Could move earlier to june 2010 bubble if I had that kind of data available.
I THINK this ...
This kind of analysis is not easy to visualize.
Basically you can see the 22.5,30,45,60 & 90deg cycles (within a ten year cycle) forming over time here.
When the cycles meet there are big moves. Starting date is a bit unclear, I began 45 deg previous to the top of the june 2011 bubble.
Could move earlier to june 2010 bubble if I had that kind of data ...
SELL After Breakdown Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
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