Once you know how to properly apply the Gann fan, it provides powerful guidance and precision.
Notice how it marks support, resistance, trend break and direction.
This is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term.
In fact, from a trading point of view I have already lost some great entry opportunities,...
I'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test.
My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and...
Currently @ $18+ look for another $6 increase to $34`ish, before retracing back to $16 for a retest of support. It is possible it will hold @ $19, just be aware it may crumble after it hits the $34 mark. Good luck and happy trading!! Hope you all have a great week.
I dont see any reason to be super bearish here. Yes we have sell signals from 4h-9h.
Short scalps are safe but I am still holding ontop my swing longs from 98/99 until we get to atleast 11.2-11.4 zone. The black area that is highlighted has not been tested yet. Usually $BTC likes to retest areas that it previously break down from before breaking into a new...
