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Gann Box

DAX40 - huge bullish explosion possibleHello everyone. Despite the Ukranian-Russian crisis, I spotted a possibility for another quick and large bullish movement, which could be the first of a series. I would like to introduce something ... abstract to you. My analysis is based on the famous W.D. Gann, and I am using the Square of the range. I will upload a seperate tutorial in which I will elaborate and explain how I set it up exactly. For this post though, I will limit it to the very basics. Where do we start? I've been tracking and trading the DAX40 for an eternity, and after I got a bit bored of its non-directional, highly volatile ups and downs, I finally spotted another bullish build up, that looks very promising to me. As some of you may know, and if you didn't, you will after reading this: W.D. Gann did not only rely on the price axis, but also on the time axis. Hence each square of range is divided in 5 "time" segments which are meant to influence the direction or intensity of the underlying assets moves. "Once time is up, price will be down." - W.D. Gann, but wat does that mean? It's easier than it sounds: once price hits one of these time verticals, a move is likely to turn around entirely. This theory is based on Gann's theory of waves, harmony, cycles and vibration - which is in all things, even in the stock markets, as he claims. As can be seen, the graph did in fact turn around each time it hit one of the time cycle verticals: Given the fact we just passed one of these time targets, that could leave us wondering if it will turn around again this time. But, time targets are not the only method this analysis relies on. Which leads us to the more commonly known variable: price, or the y axis. What seems to be a mess of lines and angles, in reality is very simple and well structured. Let me break it down to its basics for you (a more detailed explanation will follow in the next "tutorial" post): Each of these lines represents something very common: "Resistance", and "support". Nothing too crazy, right? But how does it work? Basically, if price touches one of these lines, each of these lines is supposed to act as a (future) resistance or support line/level. In this case, there are quite a few obvious examples where said lines acted as resistance or support. Since price is coming DOWN on this highlighted line, it is supposed to function as a support line. And now this is where it gets interesting. We have: A) a support line, that has already supported the price several times in the past. B) our vertical time target, which is supposed to change the current bearish trend into a bullish one, AND C) a second support line price has failed to penetrate in the last couple of days. These crossings of (usually) two major support lines in combination with the time target tend to be very efficient and reliable. Of course, in this scenario, volatility is quite insane right here, as we've seen intraday volatility of roughly 3-5%. Which makes me cautious on this one. Usually I would just try and get in, but this time I will significantly lower my position size, and greatly extend my stop loss, in order to give my trade more space to manouver and to avoid getting stopped out too early and watching it take off without me later. I'm using 10% position size here (1/10), and extended my stop loss by 1000% (10 times). In numbers (nominals) this trade is just like any other. I'm using a tenth of my usual position size, but ten times the stop loss i usually do, which nets me at the usual max risk, but with ten times more space before getting stopped out. Now that we discussed the entry, let's move on to the final part of this analysis. The target. My first target, is of course the 0.833 horizontal resistance price failed to penetrate twice in the past. Based on Gann's so called "seven times base" theory, my intermediate target is the 3-times-base and the final target would accordingly be the 7-times-base. The idea behind this is very simple and it's easy to set up: Gann's "base" is defined by the first eighth of the initial wave. The green arrow represents the current wave we are in. The first impulsive move of that wave will define the base. It's the first eighth of the whole bullish wave. In order to determine my final targets, I will just extend this base seven times, just like this: Depending on the count people may refer to it as the 4th and 8th base, or the 3-times-base and the 7-times-base. Both mean exactly the same though. It just depends on whether you count from the very bottom of the first move, or from the very top of the first eighth. I know, this may sound confusing, so I uploaded one last screenshot for you. At the end I wan't to provide a more commonly known, and conservative indication that we could in fact see a hard reversal here. I spotted a RSI(7) divergence in the daily timeframe, which can be seen here. If you made it till here, I wanna thank you for reading all this, and I hope to inspire you a bit with Gann's abstract way of thinking. Feel free to critisize anything, we are a community, and communities should be constructive. Criticism is welcomed, especially if you are a fellow Gann-trader ;)
WHSELFINVEST:GERMANY40CFDLong
by AlphaTradingGermany
1
AVAX AVALANCHE USDT This is avalanche, I first drew all the trend lines by hand and then I matched up the Gann box to the trend lines It seems we are in a heavy decline unless there is another form of uptrend from here The current outlook for the future just using my trend lines is aiming for $50 AVAX The Gann Box confirms this. With the news on Russia War and Fed Rates I assume that everyone is selling their assets to pay off debts and prepare for the worst. Cryptocurrency might be the future but it may not be sought after as much as stored food and safe haven shelters. I’m assuming Ukraine and Russia are in panic and are preparing for destruction and turmoil. I’m hoping it’s just a political tactic to make America back off of Russian radius. President Putin is right though, in his speech, he said, “America is placing armament in Ukraine, how would it feel for them if we started placing armament in Mexico?” Nobody cares about what The United States does to put other world powers in defensive mode, but as soon as Russia begins military drills with their neighbors, everyone panics and wants to talk about war. I see President Vladimir Putin as a checks and balances member, as in, if America decides to turn evil, or any other world power for that matter, we need Russia for us to overcome those obstacles, just as we overcame the Nazi obstacles of World War II. Russia had already killed almost all of the Nazi soldiers while Britain stayed at their Island and Europe was being torn apart. Then America came at the last minute to flank the last of the German soldiers and take credit. Even dismantling the very government that had won the war. How would it feel if you were in a video game and you had 100 kills and someone came and killed the last 5 people and got MVP AND KILLCAM? This is exactly what happened. Millions of Russians died. We should be strengthening our bond with our WORLD WAR TWO ALLIES. Not burning bridges and causing chaos. This is not how we achieve world peace. This is not how we achieve the NEXT LEVEL IN HUMANITY.
by JoveTheGreat1
2
SPY: Futures on watch. ABC Correction?Quick chart on S&P using Gann box/angles - been finding these to be a great asset when charting potential support and resistance zone. Chart on the left focuses on the next 6 months while the one on the right is for painting a picture of the larger correction that may be at play compared to previous significant correction. Sitting below the 200MA on the daily, S&P could see more selling pressure and a retest of previous support becomes more likely with the growing uncertainty in the market overall. The 50MA and 100MA on the daily may also be heading for a bearish crossover which would align with the aforementioned uncertainty. The possibility of a Ukraine invasion + Fed turning more hawkish has led to volatility i haven't seen in some time over the last trading days and generally the moves have ended with the sellers in control. With this in mind, the possibility of the chart reflecting an ABC correction seems probably. At the moment, it is unclear whether or not the B wave is completed, which means there could be at least one more strong move to the upside before a return to the bearish trend. These conditions make for very choppy short term trades so longer period trading strategies and higher time frame charting will lead to less "noise" when discerning and positioning for the next move (With S&P, there is always the possibility of strong bullish sentiment and movement so the possibility of a wave 3 impulse is included on the chart to the left with bullish fib levels on the chart to the right)
CME_MINI:ES1!Short
by myceliium
CAN YOU WAIT FOR CYBL's 17X AND 65X MOVE$CYBL is repeating the descending triangle formation where it broke out on JUN 2021 and ran to US$ 0.066, a 65X move from the base of its consolidation. We are seeing a similar price action pattern. Buzz on the stock is also driven by transformation within the company and multiple revenue streams potentials. Price can still drop to its last resistance/support FIB 0.50 before we can see a strong momentum to our targets. Question is can holders still wait over 150 days to realize the targets.
OTC:CYBLLong
by WayneCorp
IPDA on CryptoFirst off I want to state that I'm an ICT YouTube Student and have studied at least a quarter of his videos and am now keeping up and studying his new 2022 Mentorship as well. I'm not going to sit here and pretend to be some know it all professional because I'm not. But I do have a clearer understanding to the market now than I ever have before and can not trade anything with a retail mindset anymore. With that said if you don"t agree with Smart Money Concepts or the Interbank Price Delivery Algorithm please keep your comments to yourself. Now this is my Analysis thus far using the knowledge I have shuffled through over and over till I finally found stability in Cryptocurrency. Enjoy!
BITSTAMP:ETHUSD
by GhostlyFutures
Forecasting and Geometry: EllipseHey! Hope you are well! In today's chart tutorial there is a gann box; it has harmonic arcs of the same proportion. This box was constructed using the proportions seen on the chart. On the daily chart, there is a fibonacci time sequence of 37, 53, 75, 295, and all. There is also a price of 3.665 and 1.199. From the price, the height of the box is formed; from the time sequence, the length is constructed. These two values form a rectangle, but the rectangle must be intersected to form a proper ellipse; therefore, the ellipse has the eccentricity base from the rectangle; however, its dimensions are a 1.414 proportion to the original ellipse fitting the rectangle. Enjoy! Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Fabio Dreste - Quantum Trading Michael Jardine - New Frontiers in Fibonacci Trading The Wave Principle, Nature's Law Ralph Nelson Elliot Technical Analysis of the Financial Markets John J. Murphy A Complete Guide to Volume Price Analysis Anna Coulling Mastering The Elliot Wave Glenn Neely
Education
by UnknownUnicorn27791825
Geometry: Adjusted Axis Square with Elliptical Figure Fitting InHello! Hope you are well! This figure is generated from the adjusted axis of price and the angulation of that adjusted axis. This then forms into a box, and the ellipse is fitted to the box. The native resolution is five minutes! Enjoy! Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Fabio Dreste - Quantum Trading Michael Jardine - New Frontiers in Fibonacci Trading The Wave Principle, Nature's Law Ralph Nelson Elliot Technical Analysis of the Financial Markets John J. Murphy A Complete Guide to Volume Price Analysis Anna Coulling Mastering The Elliot Wave Glenn Neely
Education
by UnknownUnicorn27791825
2