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Gann Square

Bullish rally next??It is hard to say what will happen the next days. This is a long idea that could work: Target 1: 540$ Target 2: 613$ Arguments: - Gann arc is aligned very good at the moment. Check out all the arcs. In other words, the current arc indicates next turning point. It needs to stay inside this arc, if not it could start a new bearish rally. - Fib 0.886 level global is working as a support right now, along with other lower points from last year. - Gann lines (the blue ones) from the Gann fan also indicates a current turning point. Note! This is a log scale chart. Good luck!
COINBASE:ETHUSDLong
by Steffro
4
Long Term on USDCADIt has been a while now but here is another idea I think could work. Trade 1 Entry: Now Stop loss: Somewhere below the upper line on the descending wedge Target: 1.412 (+8,3%) When: Middle of October this year? Trade 2 Entry: 1.412 Stop loss: Somewhere above the dotted lines and the grey Gann line. Target: 1.336 (+5,4%) When: Beginning of May 2019? Trade 3 - "Plan B": Entry: Same as the stop loss on Trade 1 Stop loss: Somewhere above the upper line on the descending wedge Target: 1.173 (+9.2%) When: Middle of October this year? Arguments: - It is currently between arc 2 and arc 3 (Gann Square). The arcs works as support. It should remain above the arc 3 while it goes up. - It just broke through the upper line on the descending wedge (marked with x). Because of this it should continue upwards especially after testing the upper line. - It is currently on its way to the last leg in a rising wedge and should at least reach the upper line inside the rising wedge. Beware of the alternative path that might happen then. - It is on the last leg of the Cypher Pattern. When 0.786 level is reached it might go downards (Trade 2). - Target on trade 1 is also confirmed by the Gann line and the dotted lines. The target is also within arc 2 and arc 3. - If stop loss on Trade 1 kicks in it means that we are below the upper line on the descending wedge and Trade 3 would kick in. In this scenario it might fullfill the wolf pattern. This is also where arc 4 is located. Note! This is only TA, not Fundamentals.
Long
by Steffro
1
Solid 23% in 6 hrsWhile the world watches BTC other things pop off, I've been watching this since the day it hit Binance. NB I cant show the chart as it is in a 8min timeframe and TV wont let me post that little time frame You have to learn to look where nobody is looking and have the tools to trade let you know whats up in the market. Trade oscillator heading down for now it seems, you will be able to get in if it bounces. No idea on targets for now. just moving up the limit order. Disclosure: I didn't find this on my own, it was someone else who is testing the script as it is in its final crypto stages, that messaged me. Happy Trading FIBAUS
HLong
by fibonacciaustrian
1
Small risk, Big profitNasdaq has gone so much up lately and I think it will turn downwards next three years. Target 1: 3500 (52%) Target 2: 1760 (76%) When: April 2021 and May 2022 / January 2024 Stop loss: Above the resistance arcs. Arguments: - 2 different Gann Squares says it made All time high last week. - Gann line from the Gann Square is saying the same. - Gann Fan line also says the same. - Elliott Wave Theory fits in. Forecast: - It will descend rapidly next two-three years. - Target 1 is chosen because of all the different lines and harmonics: Gann lines from different start points, 0.618 Fibonacci level and Gann Arc is located here. The potential from the drop in 2000 is also copied in here. - Target 2 is chosen because of the trend line marked. Here is also a 0.886 Fibonacci level and a different Gann Arc located. - In year 2000 it dropped for almost 3 years continuously. With that in my mind I know what the potential is in this case. Same thing happen on my idea on EOSUSD (Yes, it is a different case no doubt). In other word I think both targets are likely to happen.
FX:NAS100Short
by Steffro
4
Is Dow Jones about to go down? My first idea on DJI was a bit simple but here is another idea with more details explaining why it might go down. Entry (Ideal): 25870 Target 1: 22380 Target 2: 21300 (not shown on the chart) Target 3: 21000 Time: Target 3 will be around early November this year Stop loss: Above the resistance arcs. Arguments: - 3 different Gann Squares says the same: All time high was in January this year. You find the start points on the lower pivot points. - Global Fibonacci level (2.618) gives the same All time high. Look at my earlier idea for more explanations. - The acending trend had a total length of 1.618 (0-3 is the length a and 3-5 is the length b (Golden ratio)). - Elliott Wave Theory fits in: 5. Wave should be completed and we might be in the corrective trend currently. Forecast: - Bit hard to say but a possible scenario is that a Bearish Gartley Pattern would appear. This gives us a local 0.786 fibonacci level next. This is also the Entry level. According to EW theory and the corrective trend this will be the wave B. I think it is always hard to do the counting though. - Further it will keep on going downwards and according to Gann Square (The way I use it) it will turn over at the next arc. I use Fibonacci locally to find the targets. In this case it is 0.5 level that fits best (Target 3). Alternatively 1.618 level from 5 - A leg (Target 2). A safer approach would be 0.382 level because of the earlier behaviour (Target 1).
DJ:DJIShort
by Steffro
3
Is it about to drop?I'm a big fan of Gann Square and here is another idea: Target: 3,83 When: 1.November 2018 Why: - Arc number 5 was just completed (the last arc got hit), this indicates a descending path ahead. - It might go a little further hitting the outer arc and a stop loss in this area would be an alternative. - EW wave theory fits in. - Local and global fibonacci level + Gann arc gives us the target. - The peaks are getting more and more steeper, my gut says it will drop anytime soon:P Note! This is a log scale chart.
Short
by Steffro
12
A bigger perspectiveHere is one of my Long ideas on ETHUSD. Target 1: 1000$ , Middle of September Target 2: 1190$ , Middle of September Target 3: 3350$ , March 2019 Arguments: - Gann Square is telling us every time it bounces - either up or down. - Gann lines from the Gann square guides us the path along leg 0-1, 2-3 and maybe 4-5? - The Sym. Triangle pattern may be completed very soon. If this idea is valid it should break out at the upper line this time. Note! This is a log scale chart. Good luck!
BITFINEX:ETHUSDLong
by Steffro
5
Harmonic WedgeThis is my long term view on USDJPY (Years ahead!): Short target: 72 JPY When: April - May 2023 Why: - I call it "Harmonic Wedge" because: - Wave 5 on the descending wedge. - Arc 5 is the next step. - Fib circles confirms this. - The golden ratio says the same (a+b)/b = a/b = 1.618. Long target: 190JPY When: 2031-2032? - Wedge potential gives this target. - Break out (red cross) is confirmed by the golden ratio. - The vector is also a copy of earlier wave (3-4). Note! Very often a break out starts earlier and an earlier ascending path could happen. This is drawed with a dotted arrow. Arc 3 could be the support + local 0.5 fib level.
Short
by Steffro
My long term view on EURNOKAlright, many of you are probably not trading norwegian krones but maybe this could be an idea on other trading pairs? I'm currently short on EURNOK, but I think it will turn up in beginning of October: Entry on a long position: 9.24NOK When: 3. October 2018 Arguments: - It is currently in a rising wedge and 4. wave is the next stop. - This is confirmed by 0.618 fib level, Gann line (two of them are crossing in the same point!) and Gann arc. - We see that the volume is rising within the rising wedge - a good sign on a further ascending period. Forecast: - Next stop will be 10.15NOK - When: 25. June 2019 - Since this is a rising wedge it might drop after 25. June.
Long
by Steffro
1/3 left of the bearish marketA quick update on ETHUSD. I've adjusted the Gann Square a bit making the arcs aligned with the lower points (point 1 and 3). Target 1: 260$, 23.July Target 2: 235$, 19.July My latest ideas on XRPUSD and BTCUSD says the same dates. Here is why (along with my earlier arguments): - We are clearly in a descending trend currently (along the gann line). - A possible global descending wedge could appear (a bit early to confirm this!). - Target 1 is more likely compared to on how much I think BTCUSD will fall. - Target 1 fits perfect to the bottom line of the descending wedge. - Target 1 is also where the outer arc hits the fib circle. - Target 2 is my earlier target which I think also could fit, but less likely. - Target 2 is where the outer arc hits the global 1.27 fib level. Currently we're in a rising wedge which could indicate a drop ahead. It is important that the neckline (the red line) holds it down. Good luck!
BITSTAMP:ETHUSDShort
by Steffro
GBP/USD 1DBritains Most Censored (Non-Military) Stories by Tyler Durden Wed, 07/04/2018 - 05:00 via TruePublica.org, In this article, we have attempted to identify the most censored stories of modern times in Britain. We have asked the opinions of one of the most famous and celebrated journalists and documentary film-makers of our time, a high-profile former Mi5 intelligence officer, an investigative journalist with one of the most well-known climate-change organisations, a veteran journalist of the Iraq war, an ex-army officer, along with the head of one of the worlds largest charities working against injustice. Consequences of American corporate influence over British welfare reforms Climate Change, what a British oil giant knew all along Government Surveillance Evidence-Based Medical Studies The Skripal poisoning and Pablo Millar The City of London – A global crime scene State propaganda – manipulating minds, controlling the internet Censorship – Spycatcher Censorship – The Internet Dark Money Taking Power Talking of Dark Money – Brexit and the climate deniers www.zerohedge.com
by TeddytheBear