Top rectangle has already been touched so may or may not be hit again.
AB wobble on the way down near the log trend line
Bottom rectangle is the main target for next entry (bottom of channel coinciding with Gann 2/1 fann line). Spread entry covering the top of the box and down to the 0.236 fib line at ~7409
Note
These are notes to myself, open to anyone to read. Its not advice. Feel free to add your own thoughts and comments below.
AB wobble on the way down near the log trend line
Bottom rectangle is the main target for next entry (bottom of channel coinciding with Gann 2/1 fann line). Spread entry covering the top of the box and down to the 0.236 fib line at ~7409
Note
These are notes to myself, open to anyone to read. Its not advice. Feel free to add your own thoughts and comments below.
Note
timing changesits been a lot slower rectangle moved, and target ranges changed
Note
what a great call! :(Note
got there in the endTook long enough, bit of a bump in the middle (good example of over analysing and not sticking to the original plan!)
Note
Gann LinesThe 3/1 Gann Fan line look to have created resistance.
I suspect the current channel will have a strong enough hold to stop the price dropping back to 2/1 line and we'll see a repeat of the 2/1 line approach when price goes back up.
For now lets see how the current rectangle works out.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.