The trading techniques by WD 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.
Daily Gann Box for those who want to follow the trend along! Keep an eye on the horizontals and the diagonals.
The STOCH is a modified one (5,3,3 - Only K) Used specifically to spot Divergences in the price action.
Look at the price and the chart
Price reversal is formed as the candle become weak as per the LongBuyLongSell(LBLS) indicator.
In 5min Chart the background color become Red which is the sign of Short
In 5 min Chart the Candle color become Black which is the sign of short.
Volume is declining this is good sign of short
When and where to Stop the Red line above is...
I compiled several charts that use various techniques and indicators.
Mostly GANN based charts, but a variety. The nice thing about the charts is that they will continue to work for years potentially.
So here are my cherry picked...
On the daily, we can see some bullish reversal potential.
5/20 daily closed as an inverted hammer (bullish), indicating indecisiveness.
Today's daily, 5/21 has broken above the trend resistance line and looks all set to close above it.
Major resistance is around 1000 sats. This price point was the previous low and had served as support before breaking. Now will...
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