As you see, Gann line catch all the turning point from this raising wave and finally touch 1:1 resistance line, it is suppose to re-test EMA 7 support, about 1217 before go ahead. For indicator matching, fast, medium, slow indicator make double top re-bounce, and classic price action bearish pattern occur. For DMI, DI+ time to drop cut on ADX, standard bearish...
The instructions are in the chart and discription, i think i got your back. USDCAD analasys and tradinplan.
Strong suspicion of a downward trend! Breakthrough the price 116.000 identify trends! Be careful! Best regards, Powerful Traders!
So this is an experimental technique, Listing 3 most likely scenarios, act on price but be a trend follower. Really curious whether this type op semi self-developed TA works or not. Any feedback would also be appriciated. I might publish a trading plan for this chart soon.
Look at this long term digram of XAUUSD from 2002. It is obvious that this Gann Fan supports and resists to the XAUUSD from 2002 till now. Specifically the 0.5 of Gann (green dashed line) has operated as a support and resist in the past . So I think that nowadays 1070-1085 is the support zone in long term of the XAUUSD and perhaps a temporary bottom. Yesterday ...
Almost Cut My Hair - CSNY Almost cut my hair, it happened just the other day. It's getting' kinda long, I coulda said it wasn't in my way. But I didn't and I wonder why, I feel like letting my freak flag fly, Cause I feel like I owe it to someone. Must be because I had the flu' for Christmas and I'm not feeling up to par. It increases my paranoia, like looking...
Above is the month chart of WTI with log scale price. We can see the fibonacci retrace level from 9.75$ to 147.27$. The 0.764 position is 42$. This is a signal of the bottom of WTI at the moment. Another indication is the Gan fans from 33.2$ at 2009, the 42$ is at 8/1 angle. The next resistance level will be near 62.44$.
drew this about 8 hours ago. bear trend very much still intact but a perfect setup off .705 ote and gann 8/1 was tagged for a no brainer long with stop just below angle. passed thru coinciding angle so the test shud be a failure at .382 or if it can get legs up before resuming to the downside tgt of 200. monthly s1 is currently 287 bfx and would be an almost...
The mainstream press like CNN, Bloomberg or The Guardian thinks that Bitcoin is dead by simply comparing the price change from December 2013 to 2014. Bitcoin is far from dead, but there is a risk of a new downtrend if the price falls below $315 - Bitcoin Bears Say Told You So As Digital Currency Falls (Bloomberg. December 15, 2014) www.bloomberg.com - Bitcoin...
Composite Yen crosses provide an interesting way to look at the unfolding Yen scenario. I'm applying my own ARS Gann Lines here along with fib-circles for timing and a fan for slope... The Gann -45deg ( dashed yellow ) and -90 deg lines ( dashed red) provide targeting guidance for major moves to come. The equations use square root values plus or minus the...
While many people were calling 200s, and theres a good reason to expect 200 in the future we have bounced up from yet 5th consecutive gann angle at historical support. Many will contribute Paypal news to the rise, but anyone that understands market structure and gann went long with a sl below that pivot. If you look we have reversed at every gann angle since...
This chart is a disaster of colors and lines. Yet, it isn't too hard to read. There are your Fibonacci retracement lines which are good points to look at for your profit zones. Two Gann fans, I believe, are in here. The third may be on the outskirts of the chart. A pitchfork as well that is the same is my 2nd to last chart. In general, as long as we can remain...
Hi there you all, Finally i've got some time to make a description on this chart. The Bitcoin market price has been dropping this weekend. After the 442 line was broken the panic broke loose. This was just a technical resistance that's been broken and there was no fundamental reason for the price to go down. Because there are so much smart people and technical...
So, I’ve had some lack of motivation for a while. Prepped this 7 days ago and then got caught up in something strange that made me feel like junk for two days. Well, I’m back and ready to see what the market has to offer. Today I am using my all-time favorite modified Schiff pitchforks. I always seem to come back to them since they seem to fit so well. This one I...
Hi everyone! Today i've been trying something new! Like everyone knows already i'm expecting an rally within now and a month. To confirm this idea i'm looking all the time for new ideas and strategics to confirm my way of thinking. This time i've been using the gann fan and it looks really beautiful dot you think? The gann fan is a form of technical analysis...
The fat red brownish line is the Gann fan trend line from the last swing low (July 2013 at $63) to the last swing high (November 2013 at $1163). This is the line which - surprise - happened to be the current low at $442. And it's the line where I hope Bitcoin is nearing the bottom of the current downtrend channel which started at $597. Maybe the BTC price stops...
Using Fibonacci time zones it is possible that the peak of the next Bitcoin bubble might occur after Fall 2014 and before Spring of 2015. The Gann fan shows that in order to make this forecast come true the price needs to start increasing by November 2014. "Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X...
The Gann fan shows we are exactly inside a uptrend channel. The $442 low was right on the edge of the channel drawn using the $339 low of April and $683 high of June. We also stopped with $534 exactly to go higher at the 0.61 Fibonacci retracment using these price points. I think we are going to test $450 as bottom first - again, but after that we are going to rally up.