Useful trend tool
that allows price and time to be combined on the chart
giving support and resistance fan lines
as the price action has shown it has used these lines quite clearly these past two years.
to use keep the 1/1 line at a 45 degree angle
Leveraged Funds, Asset Managers and Non commercial are pushing the market to the downside. Keep your stops tight things would get real ugly in a blip. Don't hold long positions.
Look at the COT report here:
1:1 > 2:1 > 3:1 rolling downhill at varying angles of descent. ABC Correction to finish off on the 3:1 track. Target in the box.
Offered as alternative hypothesis to my bull case scenarios. IMO can break either way; trade with great caution! GLTA
BTCUSDT has been shaky for a week now, and taking its flat movements and low volume into account, I can say that it's consolidating and ready for a minor move. According to. my Gann Fan strategy Bitcoin is now in a narrow channel between $40000 and $41800. To jump back to $45000 it first has to break the strong resistance at $41800.
On my graph, I've marked the...
For this example I am using Ethereum
”TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future. There is a definite relation between TIME and PRICE. Now, by a study of...
Gann Fan is amazing, it is very straight forward and gives us an idea about market bounces.
Here in Falcon CCI, the Gann Fan will give us bounces where market will change its direction, a trend reversal perhaps. This method can be used when we are not sure where the market is going and gives a very clear indication so far in 2021.
I have done some back testing...
OANDA:EURUSD
3 key components to watch on EU on the 6 hr.
1. bounce off support.
2. into consolidation
3. exit for possible continuation on trend. ?
IF EU can break above 1.2250 we could get a nice push into 1.23 range.
Same strategy and concept as the previous post, but in a Daily chart. Based on Volume Profile from 6 months behind I've found Supply & Demand Areas, where Big Banks and Hedge Funds "build" their prices, I've highlighted those areas (in orange) and plotted the Gann Fan.
Now I'm just waiting for the New Zealand Dollar / U.S. Dollar to come back and reach the price...
The light blue Gann fan has shown plenty of significance recently and if a continuation occurs these are the likely points of resistance. The most resistance probally at clusters with the blue Gann fan and the first test of this move will be the $4100 level. The big resistances tests will be the $4200 level and then the $5150 level.
Breakage of the yellow line...
After the big crash of the us oil price now we have a great buy long term opportunity. The price has reacted after touching the 4/1 Gann level and now i will expected an up trend for the next week-month.
Similar situation on the weekly Gann analysis
This point could be the historical bottom for the wti market.
As i've said yesterday () the target i had expected for a bounce was 2450-2440.
The price is arrived near to this level (2441.18). Tooday i think we can see an up price. In my opinion the target for the day is near to 2530.
Based on tooday price movement we could undestand what the market will want to do in the next days.
Today opening will be relevant to understand which will the market reaction.
In this moment my primary idea is: market want to continue his down phase. In this case i think we could see a small bounce near to 2450-2440.
If the market had to arrive on this level we probably see a bounce.
In case of this idea will be confermed, I will update the analysis as...
