EURUSD is a very violent sell from the selected area due to an interval and a Fibonacci level of 0.618 after which the price will continue to fall
I have two scenarios, "At the Crossroads", to cite an old Robert Johnson song. The black ABCD pattern is negative, and assumes a trend back down to the center of the down channel created last year. The green ABCD assumes an uptrend continuation. Note that on the weekly, we have posted a hammer which rests above the Gann confluence line (positive). Both targets are...
Gann Fan and Gold Spot/USD chart in Weekly time frame.
Study to see how circle ratios appear to produce effect in trading psychology.
A cluster area in the middle and a difficult angle at 180. If it is crossed to the top, it will be a strong ascent to the target of the 360 round, then the correction will be stronger and faster. #gann #btc
This is just one simple way of scaling the fractal dynamic and relation to price with time that works beautifully. And by beautifully, we mean that it has made us a lot of money. However, making money has barely anything to do with TA, and everything to do with personal discipline and psychology. There is no reason to have a binary mind of right vs wrong when...
Even with relatively high volatility, the use of the two Gann Fans and Fibonacci along with MACD indicator - which I normally don't like to use - based on Heikin Ashi log-scaled chart proves to be quite powerful to capture the behavior of AIR price. On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel....
See my previous posts for the beautiful astrological indicators having played out beautifully. The Mercury speed and Gann indications showed much weakness despite so many being over optimistic about 25k. This is the power of planetary speed and time squared. Now BTC broke through the 1x1 and is looking to make its way down to the 2x1 before some pivot dates...
Brent oil (UKOIL) is traded near the very critical line of the EMA-100 (the orange area line) on the daily chart. Also, Brent is testing the important Fibonacci level of 38.2% of 87.32 along with the 3/1 line of Gann Fan. A breakout above these lines suggests a new bullish move for Brent price toward the green shaded area that has a bottom of 91.60 (a crucial...
This month was very bullish, but its volatility is terribly high due to economic uncertainty Probably could extend until the mid of 2024, could worsen at around March after bad news release Use pending orders instead of direct orders. And watch your chart at 5 minute timeframe Gold still maintain bullish probably until March 9 or March 12 Wait until its...
This chart is made on the theory of Gann and used some Numerologies.
Gann Technical Analysis: USDCAD 4 hour chart On this chart we measure the valley formed on 10 May 2021 which peaked out on 14 October 2022. Applying our Gann fans we can see a very nice symmetrical Gann pattern where all of the price action is neatly contained within the 4:1 and 1:4 lines. Overall, it’s a relatively shallow rise over the span of a year or so....
Gann Technical Analysis: USDZAR 4 hour chart Overall, we’re bouncing off the 12 April low with the price action firmly contained above the rising 1:1 line. The recent pullback from the 22 October peak could not penetrate the descending 1:4 line and is now enjoying a powerful rally. According to Gann principles we could see the price continue to climb until the...
A beautiful view of a pentagon, if you like Geometry you'd probably like this chart, if you like time, you'd probably like it more. If you know about the Square of 9 Angles, you probably understand how beautiful this chart is. Market is random and uncertain, but that randomness is well organized or that's what they say. Just wanted to share this, for fun, let's...
Hey traders, in today's trading session we are monitoring XAUUSD for a selling 1759opportunity , when you set the angle
Be aware that fakeouts still there to happen while going down so manage your risks. After hitting the targets, I will be making updates and for more potential positions. At the end of the day dont forget its a market we can not be 100% sure where the price will move so always take responsobility of your trades. Be Patient!
15M DETAILED Waiting for the 0.382 Fib level after possibly touching blue 0.412 levels !! Here on the daily rsi we got negative divergence and after lots of buying pressure slowly decreasing due to the start of weekend. We have came to our main resistance levels at 0.40. Hourly chart has touched the the upper band of the vwap and bounced off. There is a chance...
The possibility of selling from the Major Resistance Level and Supply Zone. Sell on a false breakout! The target is POC level in Demand Zone. EURJPY – SHORT ENTRY PRICE - 146.550 SL - 148.000 TP - 142.200 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with...