FAN
Fib fan study: How do I align the fan lines?This is my methodology on aligning the fib fan lines. This isn't set in stone, and my "rules" are evolving somewhat over time. Please comment with your own analysis or critique.
Fib fan line usage: Breakouts and median linesOrange lines are medians and tend to identify the trend. In longer time-frames, the price will criss-cross many times, helping to identify when the trend is over/under sold. Because of this, purple-line breakouts that happen on the close side of the orange line are evaluated as being stronger.
Fib fan study: Aligning to previous high closes to find breakoutAligning the fan at the previous high allows for a false breakout (1B).
Aligining the fan to the previous high that ALSO avoids cutting the move downward (2) avoids the false breakout. (2B)
Fib fan study: Avoiding false breakoutsWhen aligning the fib fan, often a further back extreme close provides safety against a false breakout.
Walmart WMT looking for a breakout/downWalmart WMT is pushing up against my fibo lines for a breakout. It needs to stay above those fibo support lines to stay valid.
USDCHF Short TradeHello Traders,
Here's my analysis for USDCHF, it seems to be dropping to the 0.94000 area!
Trade Safe
Best supportive zone for BTC377 MA
2 strong trend lines
61.8% Fibo level
bad news :
377 EMA
200 EMA & MA
Gann levels
Also Ichimoku is bearish but its not that bad and price can breakout !
Octa-gannHere we have the Ethereum perpetual contract over on the ByBit exchange on a 15 minute time peroid. This chart contains four gann fans arranged into a box configuration which created a octagram (Or what i like to call an octa-gann).
BTCUSD on its way to 2/1BTCUSD on its way to 2/1. Waiting for a cross of the 2/1 to give a Buy entry.
GTO - looks bullish?Gee, I don't know... what do you guys think?
Looking to break up impenitently from this triangle on the 4H.
Zone out the see the daily on the Gann. See how the price broke upon crossing the 2/1? expect a similar wave with minor waves within to playout.
Target for this round - 1137
Longer term, next break out could be as late as may '19
I like GITFO for its usability and adaptability in developing Asian markets.
That's about as fundamental as I get.
Wti crude oil long term opportunity (Monthly)After the big crash of the us oil price now we have a great buy long term opportunity. The price has reacted after touching the 4/1 Gann level and now i will expected an up trend for the next week-month.
Similar situation on the weekly Gann analysis
This point could be the historical bottom for the wti market.
Bitcoin daily analysisBitcoin price has found a support level on 8/1 Gann Fan.
I think it will probably made a new up phase until 4050 $.
SPX ready for bounce until 2530?As i've said yesterday () the target i had expected for a bounce was 2450-2440.
The price is arrived near to this level (2441.18). Tooday i think we can see an up price. In my opinion the target for the day is near to 2530.
Based on tooday price movement we could undestand what the market will want to do in the next days.
SPX Daily analysis Today opening will be relevant to understand which will the market reaction.
In this moment my primary idea is: market want to continue his down phase. In this case i think we could see a small bounce near to 2450-2440.
If the market had to arrive on this level we probably see a bounce.
In case of this idea will be confermed, I will update the analysis as soon as possible.
XAU/USD Possible BearishAs we had Expected before the price reached to the 1258.061 level. Pattern seems to be completing the b-wave of a zigzag. we have possible support lines at the 1234.396 ( 38.2% Fib retracement) and 1226.908 ( 50% Fib Retracement) levels. If the movement of the trend is strong it will be quite possible for the price to reach to the 1226.908( 50% ) level. It is wise to consider 1249.719 level as a possible rise point before fall.
SPX critical situation As you can see on the image the market now is testing the 1/2 Gann Fan. If the price had to broke this level the situation will become critical.
The 2540 level is important because if the price will go down the main trend for this market change from bull to bear.
In this case first target can be 2350 and i think i will go short. If the market reject this idea i will update my analysis trying to find new buy&sell points.
Next targets will update in future.
BTC Trend Reversal - Fan LinesFan lines are a very basic but very good indicator for identifying trend reversals. A breaking of the third fan line usually indicates trend reversal; if BTC can close above this line over the coming weeks, then outlook will be very bullish.
BTC Magic 3 DROP inc.? Riding the Fan-Waves! Hey tradomaniacas,
it`s been a long time since I`ve published an idea for the cryptomarket because it seemed like Bitcoin`s biggest hobby is to destroy every TA-Idea we have in short-term.
Now I`m getting concerned about the current situation that shows more and more weakness and could head to the long expected drop towards 3.000,-!
Bitcoin likes to ride the FAN-Resistance-Levels, fails at the 200 Moving Avera and is not able to reate new highs.
The magic 3 rule is one of my favourite strategies to trade Breakouts in the Forex / Stock-market.
Does that work with Bitcoin aswell? We will see.
Just wanted to share my worries / or good chances for a nice short momentum?
Stay cool, don`t panic and have a plan for all scenarios. ;-)
Cheers and good trades
Irasor
