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.
Last week we talked about the potential for 1 more push higher and then the Bear market would resume. We got a brief push up after the FED Speak. However the drop after the 21st happened quickly and left us slightly short of the lofty targets mentioned before. The day on the opening gap was lower, and triggered sell order for the call options. Market has continued...
A Good Short is lined up.
BG color ,Candle Color and Strengthmeter shows it is a good short .
Big down fall is on the way.
More details in the Link to Related ideas below.
BITCOIN
BTCUSD
XBTUSD
The Volume,The price the LongBuyLongSell Smooth indicator shows the BITCOIN price drop to start from 4043 level .Sooner 200point downside will be seen in this counter.
The triangle and the price shows more chance it will go down.
LongBuyLongSellIndicator strength meters are gaining the momentum.
LongBuyLongSellIndicator background colors...
In my opinion this is a very good possibility. We might just be in the early stages of a recession and the market is letting us know that it is not liking what it sees coming.
Lots of investors have been overlooking all the bad data and indicators. But to tell you the truth, this does not surprise me at all, considering they did the same exact thing right before...
After extensive Gann theory research and analysis, if the overall trend is bullish it will have to pass the 2/1 line for a correction to finish. Comparing to the 2013-2016 fractal it took ~1 year after the hard correction to resume a bull run, it looks pretty much like the same situation now. Looking at this now long term holding was and is a viable option. These...
The Gold looks pretty long as per the LongBuyLongSellIndicator.
The price up like from here.
The blue candle strengthmeter and background shows good long oppurtunity.
Using GANN's cycle of 192 will we range sideways until the 28th (favoring a short for this future vibration) or make a move before hand? A lot expecting a bloody Monday...
Chart squared at 5 with a 192 vibration.
As per the LongBuyLongSellIndicator after a big blue long rally,
A short black candle have come,Dn Fall likely shown on the candle is the added advantage.
Price will go further down. We can expect more than 4 candles to continue further down.
I am expecting the longbuylongsellindicator strengthmeter to line up in the coming down candle which will further make...
What a hot week it was for forex traders! Federal Reserve doesn’t expect to raise interest rates this year. As you know all were expecting one hike in 2019. So, the news was surprising and pushed EUR/USD up. But it was only jerk-reaction and washing out of weak sellers. As I mentioned many times – trade through the noise. Always try to focus on the bigger...
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