Get started

Gann

PRICE AND TIME ANALYSISHello everyone, In this analysis we looked at the price and time structure that formed in price action from the October 2002 low to the recent high in November 2021. Price range from the low 795.25 to the high 16764.86 was 15969.61 points 16764.86 - 795.25 = 15969.61 units Using a price scale of Price/10 : 15969.61/10 = 1596.961 units Time range from low to high is 998 weeks If we pick the exact cycle node on 20th September 2021 then we have exactly 987 weeks 1596.961 / 987 = 1.61799 987 and 1597 units are the 11th and 12th sequence numbers on the Fibonacci Series The 9th and 10th are 377 and 610 units So we can say the structure is a 1597 X 987 (1.618 X 1) Golden rectangle if 795.25 is the base and price range is 1597 units then we can find the sub levels of 987 and 610 price ranges with a scale of 10 the 987 range = 795.25 + (987 *10) = 10665.25 level Also the 610 range = 795.25 + (610 * 10) = 6895.25 Other levels can be calculated on the chart as well It is important to not that the 10665.25 level is the 0.382 correction level of the entire structure whilst the 6895.25 level is the 0.618 correction level. Currently our first TP projection is the 0.382 level, check back for updates. Good luck
NASDAQ:NDX
by Fairmont-Markets
12
$ES Gann Analysis with Projections for Coming WeeksCME_MINI:ES1! tested 4500 levels yesterday and got rejected severely after the markets where spooked by FED's hawkish comments on aggressive rate hikes in the near future. CME_MINI:ES1! is in the process of breaking a major confluence of support around 4400 indicating that BEARS are firmly in support and the index futures are headed for a test of it support at 4250 either today or early next week. A weekly Double Top formed yesterday comparing the week of 31/01/2022 and week of 28/03/2022 tops. CME_MINI:ES1! to seek a lower low around the Week of May 17th, 2021 support level at 4050. A support of 4250 is a way point on the way to our target of 4050. Good Luck!
CME_MINI:ES1!Short
by MonsterOptions
Nifty Gann Predictions/Levels for Tomorrow w/ Options StrategiesNifty has taken support around 17 080 right here at S1 okay and it's going kind of sideways so let's quickly have define our support and resistance levels using GANN angles I'm taking the first Target for resistance at the price just above the high above the present price which was previously support around 17440 which is we call that r1 our first support is just below our presence supported and we're calling that s1 at 850 168.50 and one below that at um 600 Okay calling that s2 so where these supports and resistances intersect right those are they act as support and resistance levels depending on where your price is at the moment for your convenience i have labeled the support levels in green as you can see here and our resistance levels in red okay As you can tell our first support at 1710 followed by 950 excuse me followed by 980 below that is 950 then we have 900. so there is substantial support for nifty below 17 and 900 between these two prices all right and the resistance is at 140 17 140 Followed by 240 260 and since i ran out of space to put a couple of more labels we have another resistance at 3 30. 3 30 followed by 4 440 okay so how would you trade a market with so many close together supports and resistances right one option strategy in a sideways market since um that's What the support and resistance levels are telling us that nifty could remain in the range of 400 to 900 for some time before breaking out above 400 or below 900 all right so a few option strategies on a sideways market where our uh the vix itself is falling we are below 20 As i speak so in a low volatility situation how would you make money trading options so the most trusted option strategy in a sideways market is an iron corn door okay an iron condor you can look up what an iron corn door is i'm not going to go into much detail there and a second one is a short straddle although the short straddle carries unlimited risk i would avoid that i Would go for a short strangle between 3 30. okay we sell a call at 3 30 and we sell a put at 900 okay that would create a short strangle okay so these are some of the option strategies you could use in a sideways market and Let me quickly redefine the support and resistance levels you might want to write this down supports at 17 nearly 17 0010 followed by 980 950 and 900. okay if 900 is broken then obviously we are looking at eight around 850 830 and 800 as your final supports and uh for Resistances we are talking seventy thousand one forty currently trading above that the next followed by seventy two forty two sixty i doubt the 260 will be able to overcome today okay and for tomorrow our resistance could be around 3 30 and 4 40 In case the market goes up okay essentially filling up this gap right here all right guys so uh if you have any questions put them down in the comment section i will get back to you good luck and i hope your trades are profitable see you in the next one. Good Luck!
NSE:NIFTY
by MonsterOptions
DAX GANN LEVELS AND WEEKLY ANALYSISCAPITALCOM:DE40 backtested support around 14960 and rebounded to close above 14080 resistance yesterday. This signals a short term bottom formation with today's range being 14080 to 14230. CAPITALCOM:DE40 made a high above 14180 resistance and rejected to backtest the 14080 support so far today. We can expect DE40 to continue to rally above the R1 14330 next week. If that does not happen, and R1 holds, we expect the DE40 to break below the 13960 support and continue lower. Good Luck!
CAPITALCOM:DE40Long
by MonsterOptions