GANN ideas, building on a previous idea from today
Gann stuff, so, On Aug 7, 2020, the ath was in. Using this date, and converting it to price =2008.07. Well, the time required to get to that point of reversal is 302bars. Divide the price difference (2762.43-2008.07=754.36) by the Bars 302 and a pretty nice ratio, of 2.5:1 is the result. The chart scale is 5:1 (5 dollars in price and 1 bar in time), so this is precisely 50% (or is it twice??) of the chart scale. I'm going out on a limb here, and I will and I will call October 1st 2021 at a price of $2008.07 as the date and price for the consolidation/Retracement to end and a trend reversal will occur.
And I will celebrate this fantastic bit of charting wether I am correct or not, with a beer! Ha! GLTA!!
I don't suggest using any of this as any sort of advice whatsoever! Please do your due diligence and if ya like what you see, then go ahead and give it a shot!!
And I will celebrate this fantastic bit of charting wether I am correct or not, with a beer! Ha! GLTA!!
I don't suggest using any of this as any sort of advice whatsoever! Please do your due diligence and if ya like what you see, then go ahead and give it a shot!!
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