FVRR Fiverr found support on the 4/1 gannfan line on 50sma and retested that bot creating a double bot after which the momentum picked up in a huge engulfing candle and staying very strong until now going up between the 4/1 and 3/1 gannfan lines. Most likely fiverr will break retest the 3/1 gannfan line and end up going to 1.272 fib level after the deep pullback...
Microsoft MSFT is at a strong longterm 3/1 gannfan support that lines up with the 200sma atm. On shorter term timeframes it made a bullish structure by making higher lows (ascending triangle) and now the next target to break and retest will be the 50sma that will line up with the middle ganfan line between the 2/1 and 3/1 one. Overall we going to continue going up...
This is the same version previously published without other indicators (as the scripts were not updating)
the Gann start and end positions are marked
to trade: can place trendlines and an alert onto the trendline .
Apple found asupport on the 3/1 gannfan line which also was the 0.5fib level ($112.66) level and will now continue higher pulling back once on the 2/1 gannfan line to its middle line and then going back up to new highs at 1.272 fib level that lines up with the middle line between 1/1 and 2/1 gannfan lines that was acting as support previously.
Facebook found a support on 0.5 fib level($263.78) which lines up with the 3/1 gannfan line and also lines up with the overall support line on the move up 1 month ago. On top of that all it picked up momentum on the last 4h on friday and is now on its way to $326.38 price level that is the middle line between 1/1 and 2/1 gannfan lines. To get there Facebook will...
Intel has been doing slightly higher lows and was making a higher high just to pullback deep again and consolidate there while finding support on the 4/1 gannfan line ($48.94) -Very soon intel should retest the near 200 sma line levels at around $54.53 levels which would be the middle line of the trend channel of gannfan but it could also consolidate around 2/1...
Coca-cola after pulling back to 0.5 fib level ($50.16) and finding support there which lined up with 3/1 level now started going up and is slightly getting rejected at the 3/1 gannfan line 0.786 fib level ($51.02). The momentum is still strong but it will continue going up until $53.50 levels which is the top of the 2/1 gann channel and the 1.272 fib level that...
Microsoft has found a double bot on the 200 ma and the 8/1 gann fan line and is now going to continue its way up until 1.618($254) level with some stops inbetween on the 2/1 gann fann line that will be the 0.618 fib level. A strong momentum shift around those strong support levels
AMD found a strong support on the 2/1 gann fan line aswell as on the 0.618 fib level from which it will not continue going up to the main 1/1 gann line into the 1.618 fib level ($107). Momentum also shifted strongly indicating a strong reversal point around those key levels - that support is also a double bot and we are not on the second leg of the W
i made the Gann start and end points at about the 2015-16 time, drawing the bottom Gann line as the bottom level trend for BTC
and zooming out gleans some interesting levels
that initial trend line sits at about 1800 usd right now :p
I have to say the Gann fan intrigues me.
you can get alerts if you draw trend lines over the Gann lines
i have no idea where this is going to go. causing me a lot of stress.
it needs to retrace - but does it? it already hit that previous high of 240-250 , so its retraced to there,
but it has just left this single green candle down to 202 and then 170 even. i cant seem to figure this out.
in my heart it should go down and retrace properly , but meh. it could go...