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...
