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Gann Square

Long term on UKOILI think UKOIL will descend the next months. Here is why: - It just hit the Global Gann fan and went down right after. - It just completed the head & shoulders potential. I've moved the starting point to the right shoulder. - It just made the 1.618 level from the (1) leg (Elliot Wave theory). - It turn down after hitting the 0.618 fibonacci level from the Gann Square starting point. Forecast (My wild guess!) : - It will break through the arc (A critical moment on the idea). - It will descend down to either 60$ (Trade 1b) or 48$ (Trade 1a). - Then it will probably turn up again and complete the bearish Gartley pattern, arround 96$ (Trade 2). - After the (5) wave it will turn down to the local 0.382 fibonacci level (Trade 3). This is not an advice. Make your own strategy and hold on to it ;)
TVC:UKOILShort
by Steffro
12
Long term idea on EURJPYI've been trying Gann Square on EURJPY lately - and it seems like it will continue descending. Explanation: - The arcs are working as support and resistance. - The arrows indicates every time it bounces away from the arcs. - Red crosses are every time it breaks through the downcending arcs. - Blue crosses are every time it breaks through the ancending arcs. It might too early to say, but in the current situation it seems to break through the downcending arc after several testings. Even though the symmetrical triangle could give us a massive potential, I don't think it will fall that much. What do you think?
Short
by Steffro
ETHBTC – Gann square + Fibonacci ArcsHi Guys. As all crypto market went down it is a good time not to panic and learn something new. Today we prepared for you nice indicator Gann Square combined with Fibonacci Arcs. This enables us to see supports and resistances not only linearly but also circularly. Looking at the chart we can see at the horizontal axis we have a time and on the vertical axis we have price. Gann said ideal harmony is when they both move in a proportional way. That is way is middle line on this indicator is 45 degrees – it means when following this line price and time are in the harmony. When below that level price goes faster down (particularly in this case) than time. This means SELL. If we go above 45 degrees this means price goes faster than time and there is a time to BUY. Ok but what happens in the middle. Is prices’ and people’s behavior linear? Not necessarily. What can we do when being in between the lines 2/1 and ½? So the answer is Fibonacci Arc. Imagine those circles are like pulsing sound. Fibonacci claimed everything has a cycle and proportion. You can find numerous examples of shells, flowers and many more. People’s behavior changes over time. It pulses in someway. Each pulse has circular shape so Fibonacci Arcs are so as well. As you can see on the chart, many of the breaking points are aligned with levels marked by the circles. They give us better insight when to enter and when to exit. In this case we should SELL at around 0.098, reload at around 0.06 – the most important without fear we are below 1/1 level. Once bought wat the previously mentioned level we should sell ETH at 0.078. If someone plays on this pair once would make 30% in a 3,5 months. We put first circle in the lowest level of the 3 following bars. What do you guys think? Do you use it? Do you find it useful? Please do comment, share your thought and don't forget to follow us. THANK YOU FOR ALL YOUR SUPPORT! :) Hugs! WBM Team
Education
by WBM_Team
We are Still in the ZONE ! BTCUSDLook at that Guys, BTC Is following the exact path it took recently! Now the main question is, Will it go and hit the major downtrend line? (Yellow Parallel channel) In my opinion, it will! and might slightly stretch that bullish trend and then get right back down! using Parallel Channel and Fibonacci we could see what is actually happening. If you are looking for a perfect entry point to Short BTC In the near future, You need to Figure OUT where it will reverse precisely, make sure your TA is right, wait for the confirmation AND Short BTCUSD. Never Forget that Emotion IS TRADERS BIGGEST Enemy! For Every trade, Make sure you have established your RISK/REWARD, and followed your RISK Management Tool! Hope You guys enjoyed the chart and see you in the Update!!
BITFINEX:BTCUSDShort
by CryptoDjet
3
150% gain till now :DMy original idea startet at beginning of April and has been very profitable till now: Long position was made 1.April because: - 0.886 fib circle indicated a turning point. - The inner Gann Arc was about to be reached (happend some days later). Short position was made 5.May because: - 0.5 fib circle indicated a turning point. - The outer Gann Arc did a perfect hit. What will happen next? I think it will go all the way down to 235$. When? 2.July (Yes, I know it sounds crazy). Here are the reasons: - The 3. Gann arc indicates the next turning point. - The 1.0 fib circle says the same. - The 1.27 fib level from 3-4 leg is also in the same level. - The statements above give us when it will turn around. - The current descending path is following the Gann line. - This is the last wave (5.) according to Elliot Wave Theory. - The volume has been falling(more or less) since the boble blew up. Along with the original idea this will give a gain equal to 200%. Currently it is inside a rising wedge which is a good sign for another drop ahead. What do you think? Note! This is not a trading advise, make your own strategies and keep on to it.
BITSTAMP:ETHUSDShort
by Steffro
6
Short or Long?It is starting to be interesting with XAUUSD at the moment - here are two possible paths: Short position: - Wave 4 is completed (ascending triangle pattern). It should bounce down and break through the support line. - C-leg on a possible Gartley Pattern is completed. - It breaks throug the mid arc (It has tested this one twice). - It should descend all the way down to 830$. - It will hit the target arround Q1, 2021. - The outer arc, Gartley pattern and The global trend line confirms this. Long position: - Wave 5 next and it will bounce up right after, through the resistance line. - It should bounce upwards the next days avoiding the arc. It is very important that it avoids this arc along the upward trend. - It should rise all the way to the 0.5 or 0.618 fibonacci level (or maybe even the 0.786 level) - The Triangle potential confirms the 0.786 fibonacci level. - The inner resistance arc confirms the 0.618 fibonacci level. - It should hit the targets 1485$ and 1580$ in beginning of 2020.
FOREXCOM:XAUUSD
by Steffro
Long term Idea on EURUSDI think it is very important to have a long term idea, and then take a closer look on the short term. By doing this I have a safety net along the path. This sounds basic but I repeat this to myself every time I do my trades. Enough about today's lesson :P Here is my long term idea on EURUSD. I think it will descend because: - Gann Fan line (blue lines) made it turn downward (Beginning of 2018). - The arc from the reversed Gann Square made it turn downwards. - 0.382 fibonacci level (from the "all time high" and to the lates lower level) made it turn downwards. - Trend line is working as a resistance line along the descending path. - (4) wave is completed inside this descending wedge. Note how it zigzags(1-2-3) between the waves. Forecast: - Currently it hit the local neckline and it will probably rise the next two months. - After two months it will continue on the descending path. - It will then hit the arc again. A critical moment for the idea. - It will descend all the way down to the 0.886 fibonacci level. - This is confirmed by Gann Square, Gann Fan, Reversed Gann Square, Fib Circles (Fib Circles: I will publish this one right after). - Target: 0.91 - When: Arround Q1 - Q3, 2020 Note! (4) wave could extend to the 0.5 fibonacci level marked before descending. This will then be another good entry for a short position.
Short
by Steffro
1
A very good entry!If you think BTCUSD will fall even more this summer, then here is a good setup: - Head & Shoulders are about to be completed. - Parallel lines to the bottom line of the symetrical triangel are working as resistance lines on the last shoulder. - A copy of the left shoulder gives us less than 5 days to complete the Head & Shoulders pattern. In other words it should descend rapidly. - It didn't bounce at the first Gann arc (marked with green circles) Note! It could jump up to the next parallel line and a stop loss above this level could be used. Forecast: - Breaking through the bottom line within 5 days. - It will descend all the way down to the 4280$ - The Head & Shoulders Potential, The Gann Arc and The Reversed Cypher Pattern confirms this. - It should turn over arround beginning of July. Good luck!
COINBASE:BTCUSDShort
by Steffro
4
Just like clockwork!Gann Square works perfect on XRPUSD, just take a look on my earlier posts from April month. Alright I did som small adjustments after the first post but it is the same technique still. It helped me to anticipate wave 3., wave 4. and now maybe wave 5. (??). The Forecast is simpel: I will go long as soon as it hits the next arc. TP = 0.40774$. We also have support from the global trend line and the 0.886 fibonacci level from the last wave. When to go short: 3. July (Almost all of my work says the Crypto will turn over arround this day..) Meanwhile I'm short. Especially now when it crossed thrue the arc midway of the descending path.
BITSTAMP:XRPUSDShort
by Steffro
2