Market respects Gann levels incredibly well.
It looks really messy at first look. Ignore the red and yellow lines.
First look at the white lines, those are 0.5 levels. The most respected.
Then comes the yellow lines, which are 0.25 levels. They have all the highs as you see.
And the most insignificant, but still significant, are the red lines, which are the 0.125 levels. They also have many many pivots.
Price just keeps bouncing between these.
It looks really messy at first look. Ignore the red and yellow lines.
First look at the white lines, those are 0.5 levels. The most respected.
Then comes the yellow lines, which are 0.25 levels. They have all the highs as you see.
And the most insignificant, but still significant, are the red lines, which are the 0.125 levels. They also have many many pivots.
Price just keeps bouncing between these.