This may be new to many traders who do not know how to use a Gann square. Those who use the tool will recognize the significance of this chart immediately.
The long term weekly (72 bar) bear setup shows price is now heading straight up to the top of the 1st square. There it will surely find formidable resistance. This alone would suggest that the dollar is...
LONGER TERM
There are a number of fibo reasons to expect 12/12 to be an important date in usdjpy. The Gann Sq setup I have been watching suggests that a top ~ 118 on that date makes sense.
I note that a rise to 118 by 12/12 would have a number of harmonics. Price rise since the June low would be ~ 29^3 (29 is a lucas number). Also the number of bars on the...
My projection for the next major Low is 87.95
Here I've found an interesting cluster of Prime numbers related to Gann times.
Left plot showing the "ARS Envelope" and the Gann Square. Blue vertical line is a Gann time projection. The right plot the primes and the ARS Envelope again.
Also visible on both charts is the "ARS Gann Line" beta indicator.
The heavy...
The SPX is in a confluence zone where price seems to have trouble getting over. Price has run into its monthly channel that started in 1982. The last time price kissed its upper channel in 2000 price was rejected and it seems like price is being rejected again. Using the highs of 1987 as an anchor price is trading in another gann sq similar to 2000 and 2007 highs....
The Gann Square on this chart shows that we are still attempting to go past the 2nd resistance arch. Also I don't normally use the Fibonacci retracement tool like this, but it is interesting how it seems to line up with price movement as well as the Gann Square boundaries. Stock RSI and Williams R% also indicate that we may be are over bought at the moment....
Using a gann fan and gann square the market is indication a possible top mid 2014. Points I used are 1987 high and July 1994 open, since it was the lowest open in a consolidation period before the bull market that lead to the dot-com bubble. From these two points the 2000 and 2007 tops were identified. It looks like coming into 2014 price is entering an area...
Its interesting to note that the recent down move created a double square (1:2), or a root rectangle (shown mirrored to the left of the move). Also of interest is when you mirror it the left the side aligns with the small peak (shown orange dashed vertical line)
Cloning it down along the 1/2 Gann line it aligns with some of my entry and exit targets.
Again the...
A speculation about the next move using Gann Square and approaching Gann Date of September 23.
Hopefully we may have finally completed an ABC move down and will continue with the upward trend started in early July.
The approaching Gann date will hopefully be a new high in this market since early July this year.
More about Gann dates and day counts...
That last big push brought us up over the 3rd arch and 3rd line. However, we have begun to receded. We are also right on the edge of the 3rd and 1st Gann square lines. Do we have enough momentum to continue this bullish direction? In the 4 hour chart,the crossing of the 14/21 DEMA historically has been accurate to predict future price. As of not to long ago this...
The last time i published a gann square, the picture was grossly distorted. Lets see if it works better this time.
TV's native Gann square and fan drawing tools are ill-equipped to do this correctly, but one CAN fashion a decent square and save the template.
My guess is that price will break down when it reaches the next arc - we will seem soon enough. We are...
