Population growth / less capacity because of climate changes = higher price?
I've been working on my earlier idea (11.12.2018). I've added another Gann Fan + counted legs on a local ascending triangle pattern.
Gann structure established - Will it follow the blue arcs? Also look how close the 50 and 200 MA are each other now(!)
Western food are getting more and more popular in Asia / Less capacity due to climate changes = Higher price?
Gann might give us a clue about the next step?
Too much down lately, should do a Wave B very soon, at least a small one. The local arc may give us a clue.
Should remain in the blue area within the trade.
Looking for more clues on the macro picture:)
Are we on our way to break out of the descending triangle?
A bit late, but I think there is a chance for even more gains on this one. Descending Wedge Completed Descending EW Completed Gann global and local crossed out the same spot, confirming a possible next step. It is now moving into the next "Gann Area" and should remain here while the trade is active. Obs! It might do a ABC until it hit the TP. Take a look on...
Gann on Dow Jones back in the old days works quite good. I've added the S&P 500 from today just to compare.
With this setup it seems like we are now on the 4. leg of this big triangle pattern. My first idea on S&P is still active (Reversed Gann):
Gann and the global support line is telling us something might happen in any minute ;) A close-up gives us a possible break out: