Gannline
BTC long the gann line
This Gann line was just bought by me, we had it a few days ago as resistance, then closed above it with a 4h candle, last test before all-time high and then go.
Now we make the test on it, as it is with Ganns so I speculate that we bounce off here and at least run again the old ATH.
In addition, there will probably soon be the next buy signal from wavereader.
That is actually all there is to say about it
Have a nice weekend!
Feel free to follow me if you like my ganns!
S&P to 2500, according to Gann analysis?
SPX has been being held up by the “14 points per month” line projecting from the 2019 low
If you are into Gann/astrology, you’ll know that it’s half of the Helio Saturn angle (28 points per month).
Diminished momentum going up as seen by bearish divergence in monthly RSI.
Will SPX hit the half H-Sat support again before going higher?
New idea about gann line aka gann boxThe original gann line is exactly line with box. Or that box is with line.
45°line is very famous but many people don't know how to use it.
It's always 1° per day.
Ahhh but in gann box. That's a transpert plastic paper which like a rule to measure something.
Today I have a interesting idea. Maybe It can be adjusted!!!
To adjust it. You must know the cycle. e.g original is 90d or 144d. IDK other parameters.
So what if we use it on 4day cycle? or 8day?
I'm not sure how to use it.
#It's just a idea. It have nothing to do with chart above.
My basic idea is if you found a subcycle. Multiply it to bigger cycle. Use box to include a full bigger cycle.
I think box high should be high of cycle. (If you use it this way maybe you should wait highest price come. Well you must have some cycle basic or it's all not work for you)
I think this way is worth to study because gann said the 45degree line is a true Moving average line.
Maybe we can use it to judge whether the trend is strong or weak.
#This idea maybe looks dumb but if it can be a valid confirm tool it's still very valuable.