Gann Fan
S&P 500 – The final combat zoneObservations:
1) Trend line from April 2020 till date is respected 4 times in the post corona rally. Present support point of the same is at 4514.
2) 50% Fibonacci retracement level of the last leg (from Oct 4 - Nov 22) is at 4511
3) Gann Fan line 4/1 is intersecting 50% level as at (2) above at 4511.
Conclusion
a) SPX has crucial support zone at 4495-4510 from where some relief rally can be expected. The last hope for Santa rally, if any.
b) If this zone is broken decisively, accelerated pace of downfall can be expected. SP:SPX
TWTUSDTTWT is in a sensitive triangle. If the trend line D1 breaks upwards, the bear force will be reduced to some extent. Otherwise, with the failure of S1 support, S2 support, which intersects with the 1/8 ganfan line, is a good support and finally, the S3, which intersects with the Major trendline, is a strong support.
If you want to buy T, you have to buy it with the accumulation technique in several steps. In case of breaking D1 upwards, one step and after ensuring the upward trend can buy the next steps, otherwise, in two support S2 and S3 can be entered in two stages.
IDX: ANTM FOR NEXT WEEK 06-10 2021STRONG SUPPORT AT 2200
STRONG RESISTANCE AT 2390
I PREFER RED TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: TLKM FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 4070
MEDIU RESISTANCE AT 4120
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: INDF FOR NEXT WEEK 06-10 DEC 2021MEDIUM RESISTANCE AT 6475
WEAK SUPPORT AT 6300
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: UNVR FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 4220
WEAK SUPPORT AT 4400
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBYB FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 2080
MEDIUM RESISTANCE AT 2260
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BRIS FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 1850
STRONG RESISTANCE AT 2040
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBCA FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 7375
WEAK RESISTANCE AT 8225
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BMRI FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 6850
MEDIUM RESISTANCE AT 7175
I PREFER RED TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBNI FOR NEXT WEEK 06-10 DEC 2021STRONG RESISTANCE AT 6575
WEAK RESISTANCE AT 6750
I PREFER RED TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
darusdt👑 @F̲X̲o̲n̲e̲4̲a̲l̲l̲ 👑 VIP 🚀🚀
🟢 #DAR - USDT 🔚BINANCE
💰 Buy : 2.4
🔸TARGET 🎯
🔹 3.9
🔹4.8
🔹6.2
📝 RATIO: 10% Risk
BTCUSDT analysis using Gann Fan on Falcon CCI 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 and results are good even in Daily and smaller time frame charts.
Here we are seeing that 4/1 Gann Fan from the top is in action, and needs a bounce confirmation to form a higher low, once this is done then CCI should quickly move up. Current weekly CCI20 level is around -41, indicating over sold area. RSI seems to be low too at 46, last July 2021 RSI was around 41 when it bounced and price started moving up.
It is exciting to trade crypto because of so much volatility but TA gives you enough chances of making the right direction.
More on this soon.