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Gannangles

SPY Update (weekly) I have two scenarios, "At the Crossroads", to cite an old Robert Johnson song. The black ABCD pattern is negative, and assumes a trend back down to the center of the down channel created last year. The green ABCD assumes an uptrend continuation. Note that on the weekly, we have posted a hammer which rests above the Gann confluence line (positive). Both targets are a 1.27 extension, common for Gartley. RSI(12) on the weekly is 53.93, and has "Room to Move" (an old John Mayall song). Right now, I'm leaning toward the uptrend target, which stands at 425.58. The only word of caution is that we still sit below the cloud, which is considered resistance.
AMEX:SPYLong
by UnknownUnicorn13101
HOW TO : Use Gann Fan Correctly This is just one simple way of scaling the fractal dynamic and relation to price with time that works beautifully. And by beautifully, we mean that it has made us a lot of money. However, making money has barely anything to do with TA, and everything to do with personal discipline and psychology. There is no reason to have a binary mind of right vs wrong when it comes to simple scales and math that actually work. Markets are never wrong, but opinions often are. Trading isn’t about whether you’re right or wrong. Instead, it’s about how much you make when you’re right, and how much you lose when you’re wrong.
INDEX:ETHUSD
by EsotericTrading
This Mix of Tools May Make You More Fearless When Trading AIREven with relatively high volatility, the use of the two Gann Fans and Fibonacci along with MACD indicator - which I normally don't like to use - based on Heikin Ashi log-scaled chart proves to be quite powerful to capture the behavior of AIR price. On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel. Also, the previous swing area between 102.32-101.68 is the next bearish target if a further breakdown would occur. On the flip side, a break above the upper 3/1 and the lower support line of the channel may set the area between 121.20 and the upper 4/1 as the next bullish targets. I would appreciate any opinion concerning this analysis :)
XETR:AIR
by SamerHa
Brent Tests Multiple Crucial Lines and Levels to Target $90Brent oil (UKOIL) is traded near the very critical line of the EMA-100 (the orange area line) on the daily chart. Also, Brent is testing the important Fibonacci level of 38.2% of 87.32 along with the 3/1 line of Gann Fan. A breakout above these lines suggests a new bullish move for Brent price toward the green shaded area that has a bottom of 91.60 (a crucial support level) and a top of 95.29. The levels of 100.34-99.52 would be the next bullish target if a new breakout above 95.29 and the 4/1 line would occur. On the flip side, a clear rejection of the EMA-100 and 3/1 lines may invalidate the previous bullish hypothesis and would suggest a further decline toward the red area that consists the 8/1 line, the level of 80.99 and the bottom level of 78.36. Note: log scale is used in this chart. (I would appreciate any feedback on the Gann Fan drawing in this chart.)
TVC:UKOILLong
by SamerHa
2
Be careful to trade, use M5. Big liquidity every 6 hoursThis month was very bullish, but its volatility is terribly high due to economic uncertainty Probably could extend until the mid of 2024, could worsen at around March after bad news release Use pending orders instead of direct orders. And watch your chart at 5 minute timeframe Gold still maintain bullish probably until March 9 or March 12 Wait until its retracement at 1850.7 then go long all the way in. FOMC minute will be held in less than 12 hours, i predict GOLD will go at least 1870 Check the volatility with Volume Flow v6 Indicators, my timezone is in GMT+7 I found that GOLD kinda have liquidity injection every 6 hours either in buyer side or seller side, you can check it in my analysis.. so whenever that injection coming the market always getting really fast, 1 minute late and you can lose 10 pips for nothing The reason why i suggest you guys to buy full margin previously is because this bullish trend could last up to 5 months from the start Cheers, H. Haidar
OANDA:XAUUSDLong
by Chartwatcher1996
HullBuster | USDCAD breaking out to the upsideGann Technical Analysis: USDCAD 4 hour chart On this chart we measure the valley formed on 10 May 2021 which peaked out on 14 October 2022. Applying our Gann fans we can see a very nice symmetrical Gann pattern where all of the price action is neatly contained within the 4:1 and 1:4 lines. Overall, it’s a relatively shallow rise over the span of a year or so. However, it made a decisive move in September by piercing the 2:1 line. We’ve had some choppy trading since hitting the peak but the fall couldn’t break the descending 1:4 line. According to Gann principles this instrument is clearly going up at least until the declining 4:1 line. A break above the 8:1 line could see significant upside potential. While a fall below the 38% on the Gann Timing Box would indicate renewed dollar weakness. Happy Trading and Happy Holidays! Methodology: I use external Gann software to calculate the angles. The software uses a fixed grid calibrated per instrument. I use the TradingView Gann Fan to illustrate the analysis. It is not used in the calculation so the angles do not match your viewport orientation. Please see my angle gauge for a 360 degree representation of the calculation result using the current instrument price as of this date. The peak angle is represented using negative coordinates so as to preserve the Gann parlance and event recognition. It is not part of the formal indicator. William Delbert Gann (1878-1955): Commodities trader who developed a technical analysis method using geometric angles to forecast price movement. The core of his work relies on pivot points and lines drawn at fixed rates of speed. He is also the author of numerous finance books and trading courses. Although he developed several time and price indicators, this analysis uses only two: the Gann Fan and Gann Square. Fundamental USDCAD: The CAD is the official currency of Canada since 1858. The Canadian Dollar is a global reserve currency ranking as the fifth most held by central banks. Canada itself is a nearly two trillion U.S. Dollar economy measured by gross domestic product. It is a country rich in natural resources specifically lumber, minerals, oil and natural gas. In the forex market, the value of the CAD fluctuates in response to demand for its natural resources pegging the USDCAD as a commodity currency. In addition to its resources, Canada is a major exporter of finished goods. Namely, aircraft, plastics, equipment and machinery. Also, Canada has a vibrant local economy and is subject to much cross border activity with the United States. Needless to say, this is a very stable and widely held currency that sees its cross rate value strengthen during favorable RORO periods.
Long
by tradingtudi
2
HullBuster |USDZAR bouncing off supportGann Technical Analysis: USDZAR 4 hour chart Overall, we’re bouncing off the 12 April low with the price action firmly contained above the rising 1:1 line. The recent pullback from the 22 October peak could not penetrate the descending 1:4 line and is now enjoying a powerful rally. According to Gann principles we could see the price continue to climb until the negative 2:1 line. Then look for a bounce off the negative 3:1 line. A break above the 8:1 line would put the USDZAR in blue sky territory while a fall below the rising 1:1 line would indicate major dollar weakness. The Gann Timing Box offers a text book stop level at the 38% line. Happy Trading! And Happy Holidays! Methodology: I use external Gann software to calculate the angles. The software uses a fixed grid calibrated per instrument. I use the TradingView Gann Fan to illustrate the analysis. It is not used in the calculation so the angles do not match your viewport orientation. Please see my angle gauge for a 360 degree representation of the calculation result using the current instrument price as of this date. The peak angle is represented using negative coordinates so as to preserve the Gann parlance and event recognition. It is not part of the formal indicator. William Delbert Gann (1878-1955): Commodities trader who developed a technical analysis method using geometric angles to forecast price movement. The core of his work relies on pivot points and lines drawn at fixed rates of speed. He is also the author of numerous finance books and trading courses. Although he developed several time and price indicators, this analysis uses only two: the Gann Fan and Gann Square. USDZAR: The South African Rand is a commodity currency established in 1961. It has been steadily weakening against the U.S. Dollar since 2012 due to mining industry decline and significant trade deficit. It is prone to lengthy periods of volatility against the major currencies. It’s currently trading at around 17 ZAR’s to the dollar. Looking at the weekly chart it’s easy to see where this currency is headed. Widespread unemployment, crime and political unrest is likely to keep pressure on this currency for the foreseeable future. However, trading this currency will require and iron will and either deep pockets or tight stops. The nominal swing range is around 3000 pips with relatively frequent bursts of 10000 pips or more.
Long
by tradingtudi
2
DETAILED M15 Price movements Calculated with Gan Box15M DETAILED Waiting for the 0.382 Fib level after possibly touching blue 0.412 levels !! Here on the daily rsi we got negative divergence and after lots of buying pressure slowly decreasing due to the start of weekend. We have came to our main resistance levels at 0.40. Hourly chart has touched the the upper band of the vwap and bounced off. There is a chance if bitcoin breaks through 16800 and closes above it on the H4. We might see XRP breaking out but its less likely as bitcoin is in similar situation right now. We need to drop the liquidity at the lower levels such as 0.37 and below. Therefore, I will be looking for short positions. Although be careful and allow risk management. PLEASE FOLLOW AND SHOW SUPPORT if you want more TA Trade to Profit!
Short
by ifxgabriel
8
EURJPY – SHORTThe possibility of selling from the Major Resistance Level and Supply Zone. Sell on a false breakout! The target is POC level in Demand Zone. EURJPY – SHORT ENTRY PRICE - 146.550 SL - 148.000 TP - 142.200 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
1
BTCUSD: Range Approximation This chart suggests that the BTCUSD market is currently in a ranging state. We have tried to identify supply and demand zones in this range environment. The suggested levels are as follows: High teens for increasing long exposure Around 28k squaring off long positions Sit out the area in the middle This kind of price behavior is expected as the market participants are going through range normalization after the price discovery stage. Trade with care and own your risk.
BITSTAMP:BTCUSD
by Zoen_Trieste
5
BTC END OF BEAR MARKET ?!We still in the bear market , fundamentally with the Russian Ukrainian war, the recess in the markets, stock markets vs USD and the federal support , and also Technically we have a major down trend with increased volume which means the highest probability of more down trend, and with the time analysis we still didn't reach the next time interval in 8th of November +- 3 days, which i think will take BTC to it's optimum price, or reverse the trend starting from this date and after. To sum up Optimum time to buy BTC in November Optimum price will be between 11-13 K So Buy in November with DCA even if it's not close to the optimum price
Short
by sammagdy1988
4