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Gannangles

USOIL Potential Support AreasUSOIL got rejected around the old gap area of 5480-5520 that is highlighted on the chart. This resistance area is a significant one, overcoming it will open the way towards higher targets for bulls. It will also validate the inverse head and shoulders pattern noticeable on higher timeframes. Bears were quite aggressive in pressing down the price and managed to swap the first gap highlighted in green. However, there is the second gap around the 5345 area that bears need to swap for further downside. An immediate target of 5295 would open up in that case, the 5295 being next bull angle area shown on the chart. Looking at higher timeframes, such as the 5H, the price is currently painting a spring bar with a decent shadow near the 5345 gap area, which can be interpreted as bullish as long as that level stays intact. This area here is quite important for clues of further direction, the 5345 & 5295 areas being the key price levels that bulls need to guard for further upside.
FX:USOIL
by Zoen_Trieste
USOIL Potential Support & Resistance AreasThis 3 day charts shows basic retracement levels, percentage increase levels from the current low and angle relationship based support & resistance areas. So far, the oil market saw a sharp surge from the low $42, a longterm demand area, and currently it seems there's still some room for further upside. This move up can be regarded as a retracement leg within a bigger downtrend, the common retracement level being 38.20%, which falls around the $55 mark. However, there is an inverse head and shoulders pattern also noticeable on higher timeframes, so buyers might push for the 61.80% after taking some profits. Buying into weakness seems reasonable for now.
FX:USOILLong
by Zoen_Trieste
2
Longterm ES ChartThis is a monthly chart that shows important relationships in terms of price and time. As we can see, through the 2008 crisis the market plunged almost 60% and saw around 350% increase thereafter, painting an all-time high in September 2018. Currently, the 10-year-cycle is seemingly done and another big selloff in the equity market appears to be zooming. The 25%, 33.33% and 50% areas from the all-time high are potential targets and reversal zones. Selling into strength seems reasonable here.
CME_MINI:ES1!Short
by Zoen_Trieste
7
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.
SP:SPX
by LucaGhidinelli
4
USOIL Possible Bear Continuation Targets USOIL is being well supplied after pulling back to the grand 45 degree line coming down from the top. If 5000-5050 area fails, the bear case becomes more relevant. Assuming pre mortem conditions, the inventory report turning this around and supply being dried up by incoming new demand, it is reasonable to look for entry opportunities on the lower timeframes. It's better to get out after being proven wrong shortly after entry than hold the bag for who knows how long.
TVC:USOILShort
by Zoen_Trieste
Potential Breakout Trade on CLF2019 This chart is an attempt to show possible support and resistance lines that have been coiling the market lately. Bears did achieve a slightly lower low but were unable to follow through, an event that shows a change in market structure . If bulls can close higher timeframes above the 15 degrees resistance line, a stop buy setup approach seems reasonable. However, if bears manage to break the 15 degrees support line coming up from the current low, stop sell entries can be initiated. There are also the support/resistance entries, betting against the breakouts, which were the successful entries so far in this coiling market.
NYMEX:CLF2019
by Zoen_Trieste
USOIL Potential Continuation ShortUSOIL is likely to pullback to around 5220 where continuation sellers are expected to enter the market. As for now, buying any minor pullback to 5085 towards the 5220 area and flipping short around there seems reasonable. Shorter timeframe for trade entries and thorough risk management is of utmost importance. It is better to get out of the market with minimal loss than hold the bag for weeks. This is overly a bearish market and the previous times sellers were too eager to sell and didn't wait for any significant pullback. There's a sense of urgency in the market and people are selling any pullbacks so being careful with longs is a must.
TVC:USOILShort
by Zoen_Trieste
5
DXY Potential Supply Zone AreaDXY is seemingly approaching an attractive supply zone around 98.50. As mentioned in the earlier posts on DXY, we have an important gap zone around that area. Furthermore, there's the 15 degrees angle line coming down from the top at that same area, that is if the DXY trend is being measured with 20 pips per week ratio. It seems reasonable to look for shorting opportunities around the 98.50 mark. Lower timeframe for entries is the preferred choice. Strict risk and trade management principles are the most important in being a successful trader.
TVC:DXYShort
by Zoen_Trieste
Monthly View On USOIL This is a monthly chart of USOIL with time cycles from important tops and bottoms. As shown in the chart, the current decline in oil started after 26 monthly bars since the bottom of $26 and around the 1/2 price area from highest selling price. Possible major pivot around the $48 area, which is the 1/3 of highest selling price of oil. If that goes, the next important area is the 1/4 of highest selling price around $36. It seems reasonable to look for long-term pivot around these price areas.
TVC:USOIL
by Zoen_Trieste
The original Gann line.His original book said you must make 45deg line move 1 point a day. (I mean 1p=1usd) AKA 7points a week on weekly chart. But how do we adjust it to btc and other thing like futures? It must be wrong to use 1 point as 45deg on btc. IDK How we should adjust it. Maybe you guys have good ideas? Please comment if you have your thoughts. On the APPL it's two 45deg line and the move 1 point a day. (100 fluctuations or 100ticks) Maybe we should not look 1usd/1d but 100flu/day ?
NASDAQ:AAPL
by c073