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.
btc cant break middel line of sideway chart .
i think 10340 usdt is very important .
case 1( green way ) : if btc return and hold 10340 we can expect 37700
case 2: if btc cant break 10340 and hold it then i think red way will be future movement
1 week macd if be negetiv will be very bad
entry to sell = if the red zone is broken down
tp is shown in fig
sl = above the red zone
.......
To receive notifications of entry to the position, join my channel : t.me
Market has rallied during overnight session and tested yesterday RTH High.
Next level to test would be Fibonacci 1.272 level of yesterdays RTH.
Levels to watch 2920---2918
Report to be aware of are :
US:Existing Home Sales
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Minutes
2:00 PM ET
entry to buy = if the blue zone is broken up
tp is shown in fig
sl = below the blue zone
.......
To receive notifications of entry to the position, join my channel : t.me
entry to sell = if the blue line is broken down
tp is shown in fig
sl = above the blue zone
.......
To receive notifications of entry to the position, join my channel : t.me
I think that always have to attention to both fundamental and technical analysis and then decision to go with one and use a SL and Tp
I think and saw that XAUUSD never correction in this 8 weeks but when see how is going in Britain and USA decide to get attention ,maybe the chart is like 2009 and that bullish movement and after fed and other get power to rise and...
I'm laughing, but this ain't no joke, fool.
We all know why April 1, 2019 is considered a significant date in our crypto-world (nudge, nudge, wink wink).
I decided to conjure magical ratios to prognosticate future outcomes of BTC based on the triangularly logical patterns developing since April 1 to the cosmically significant day of August 20, 2019. Of course,...
entry to sell = if the blue zone is broken down
tp is shown in fig
sl = above the blue zone
.......
To receive notifications of entry to the position, join my channel : t.me
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