Not much to explain here...just the boxes all aligned and stacked up onto each other starting from the 1999 low to the bull run high of 2011, and then copied and stacked to show current price action.
However, there is a weird thing with boxes of the Gann type. Usually 25 and 75 time allotments, or 1st and last boxes, are the most aggressive moves. But this one has already almost broken the box in the first panel of the 25%.
So you will either have a stagnation and then slight down or up drift until you hit the later 75% box at the most right....or you just go "nah, Irish goodbye to yah lad" and jump to the next box up...we shall see.
But those lines do hold some weight and you can see the Gann angles had a few good pivots and one generally good line to follow through this initial explosion up.
But we go sidesways if the house of bird poo color can clean up their act...pull a Styx and "Come sail away with me..." to the next box up and run to the like 5K limit, who shall know....
--------
from 1999 summer to 2011 summer to move the height of the box....
and its been achieved in merely 2 some years as of this point...oh boy
VVVV Notice the 3 peaks at 1900 perfectly aligning with that box edge before the next box is stacked up to accommodate current price action...
Your thoughts...right...wrong...or just a :) all welcome
PS...These boxes arent made to fit this chart...It is just a pivot low to pivot high and then copied and stacked/extended....But see how that 2nd box times the triple peak and explosion into the newest up move...crazy hmm
However, there is a weird thing with boxes of the Gann type. Usually 25 and 75 time allotments, or 1st and last boxes, are the most aggressive moves. But this one has already almost broken the box in the first panel of the 25%.
So you will either have a stagnation and then slight down or up drift until you hit the later 75% box at the most right....or you just go "nah, Irish goodbye to yah lad" and jump to the next box up...we shall see.
But those lines do hold some weight and you can see the Gann angles had a few good pivots and one generally good line to follow through this initial explosion up.
But we go sidesways if the house of bird poo color can clean up their act...pull a Styx and "Come sail away with me..." to the next box up and run to the like 5K limit, who shall know....
--------
from 1999 summer to 2011 summer to move the height of the box....
and its been achieved in merely 2 some years as of this point...oh boy
VVVV Notice the 3 peaks at 1900 perfectly aligning with that box edge before the next box is stacked up to accommodate current price action...
Your thoughts...right...wrong...or just a :) all welcome
PS...These boxes arent made to fit this chart...It is just a pivot low to pivot high and then copied and stacked/extended....But see how that 2nd box times the triple peak and explosion into the newest up move...crazy hmm
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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.
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.