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Gann Fan

Identify the downtrend by using Gann Fan What Are Gann Fans? Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. How it works? The 45-degree line is known as the 1:1 line (Dashed black line on the chart) because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. In both an uptrend and a downtrend, the 1:1 line can help to detect a reversal. In a downtrend, a price that stays below the 1:1 line is considered bearish. In an uptrend, a price that stays above the 1:1 line is considered bullish. Thus the 1:1 line can serve as a resistance and support line. Source: Investopedia Please like and share. Thanks
by ir0nhand
$BTCUSD - Build time bear market 5-wave complete, abc finished but no 1.618 extension sadly clean break on keltner's though volume is low - assuming people are fearful of fomc - however buying pressure from those who are attentive is above standard deviation regardless, for me at least it is time to start building. will be cautious around 48k area due to zigzag B wave retracement ratio, current abc is likely to become an A wave for a larger zigzag - look out for drops to the 35k area price target for friday is 45k, regardless if jerome flops it out screaming "inflation will be this hyper"
BITSTAMP:BTCUSDLong
by UnknownUnicorn13342055
IDX: CPIN PREDICTION FOR NEXT WEEKweak Support at 6800 medium resistance at 6925 Market close at 6900, it will try EMA 55 orange trading plan is my recommend, have a nice trading. 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:CPINLong
by sutoguswanda
IDX: JPFA PREDICTION FOR NEXT WEEKmedium Support at 1870 medium resistance at 2150 critical area at 2000 - 2040 Market close at 2050, it will test medium resistance at 2150, orange plan is my recommend, have a nice trading. 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:JPFALong
by sutoguswanda
IDX: TLKM SIDE WAYS SITUATIONMedium resistance at 3520 medium Support at 3260 market close at 3470. it'll be sideways situation, until market close surpass medium resistance at 3520. the situation most likely orange trading plan for sideways, or red for negative sentiment from market. neutral for this week or buy at medium support at 3260 have a nice trading. 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
by sutoguswanda
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