Gann SquareXABCD was established inside Gann. Price Bar exited D and outside Gann. Also below ICH cloud
Gann Square
EURUSD trading levels.
Trading levels mentioned on the chart, Short trade form previous analysis is on. Price not able to close above stop tried to break 2 to 4 times.
Levels are the same for this week also. use gann square for future guidance.
Gann square of weekly DXYThis may be new to many traders who do not know how to use a Gann square. Those who use the tool will recognize the significance of this chart immediately.
The long term weekly (72 bar) bear setup shows price is now heading straight up to the top of the 1st square. There it will surely find formidable resistance. This alone would suggest that the dollar is just a couple weeks from making a long term top.
But, I then did a bull setup (smaller square, starting in 2011). I have removed all the arcs and lines except the 1st arc, and the 5th arc, to make it easier to see the main point. The bull setup show the price is just weeks away from hitting the 5th arc, at almost exactly the same time price hits the top of the square on the long term chart. The 5th arc is formidable.
Taken together, I can say with a very high degree of confidence, that the dollar will make an exceptionally significant, long term top sometime between Thanksgiving and Christmas.
Happy trading...
Long trade in usdjpy beckonsLONGER TERM
There are a number of fibo reasons to expect 12/12 to be an important date in usdjpy. The Gann Sq setup I have been watching suggests that a top ~ 118 on that date makes sense.
I note that a rise to 118 by 12/12 would have a number of harmonics. Price rise since the June low would be ~ 29^3 (29 is a lucas number). Also the number of bars on the 240 chart would be ~ an even multiple of 29 (29*80)
So I am postulating that remaining long until ~ 12/12 will, perhaps, be a good strategy...
shorter term
there are reasons to think that THIS is also a fibo moment in usdjpy, which 'might' be a momentary break DOWNWARDS. caveat emptor...
APPL SHORTMy projection for the next major Low is 87.95
Here I've found an interesting cluster of Prime numbers related to Gann times.
Left plot showing the "ARS Envelope" and the Gann Square. Blue vertical line is a Gann time projection. The right plot the primes and the ARS Envelope again.
Also visible on both charts is the "ARS Gann Line" beta indicator.
The heavy aqua line is the seed for the Gann calculations.
Gann lines = Pow((sqrt(seedVal)+angle/180),2)
Uses 45degree intervals from 0-360 to plot each horizontal line.
Visible on the left plot are
1. seedVal 102.78
2. yellow dashed horizontal line is 45deg plot
3. red dashed horizontal line is 90deg plot
It uses 9 lines total
More details available.
If you like Gann this is an interesting tool.
SR
SPX ObservationsThe SPX is in a confluence zone where price seems to have trouble getting over. Price has run into its monthly channel that started in 1982. The last time price kissed its upper channel in 2000 price was rejected and it seems like price is being rejected again. Using the highs of 1987 as an anchor price is trading in another gann sq similar to 2000 and 2007 highs. Also fibbing from the 1987 lows to 2000 highs, price is hitting its -0.236 & -0.272 resistance zone. The 61.8 fib fan is also acting as resistance as did the -0.113 acted as support at the 2009 lows. In order for price to go higher, it will have to get enough momentum to clearly break this zone. With Summer just around the corner, the momentum might not be there. I Would not be surprised if the 2000 and 2007 highs resistance (1550/30) was tested as support on a good correction.
Weekly Gann From July rally.The Gann Square on this chart shows that we are still attempting to go past the 2nd resistance arch. Also I don't normally use the Fibonacci retracement tool like this, but it is interesting how it seems to line up with price movement as well as the Gann Square boundaries. Stock RSI and Williams R% also indicate that we may be are over bought at the moment. However, Bitcoin has been known to stay in this range for a long time before correcting. Additionally with the increased media attention, solid fundamentals, and introduction of new technologies like the BTC ATMs opening up in Canada, I see the price going up. If we push past the resistance at 215-220 we may soon be headed for $260-$300. I opened a long at $195. Lets see if it pays off.
S&P500 - Could it top in 2014?Using a gann fan and gann square the market is indication a possible top mid 2014. Points I used are 1987 high and July 1994 open, since it was the lowest open in a consolidation period before the bull market that lead to the dot-com bubble. From these two points the 2000 and 2007 tops were identified. It looks like coming into 2014 price is entering an area where price could find trend changing resistance that unfolds into a huge correction possibly ending 2015/16 then off to a new bull market.
If price tops like 2000 or 2007 then price could meet resistance go sideways for six months and on the seventh month start a major correction. I believe the 1/4 or 3x1 could act as this resistance.
I believe the SPX is a long until price gets up to resistance as identified on chart. When I see price get up there and price goes sideways for more than one month, it would be a big sign price is in a topping zone where it's time to get the hell out of longs.
BTCUSD: Gann Square and Rectangle ClonesIts interesting to note that the recent down move created a double square (1:2), or a root rectangle (shown mirrored to the left of the move). Also of interest is when you mirror it the left the side aligns with the small peak (shown orange dashed vertical line)
Cloning it down along the 1/2 Gann line it aligns with some of my entry and exit targets.
Again the cloned rectangles display an inherent fib relationship when arranged along a Gann Line.
Gann Sqaure and approaching Gann DateA speculation about the next move using Gann Square and approaching Gann Date of September 23.
Hopefully we may have finally completed an ABC move down and will continue with the upward trend started in early July.
The approaching Gann date will hopefully be a new high in this market since early July this year.
More about Gann dates and day counts below
''Mr. Gann followed this pattern to list February 5th, March 21st, May 6th, June 22, July 7th, August 8th, September 23rd and November 8th as seasonal times for a change in trend
Stocks make important changes of trend every 30, 60, , 120, 150, , 210, 240, , 330 and 360 days or degrees from any important top or bottom. These seasonal changes or monthly changes based on the beginning of any seasonal changes are important to watch for tops and bottoms.''
source: www.marketmasters.com.au
Gann Square to help understand big push to 137That last big push brought us up over the 3rd arch and 3rd line. However, we have begun to receded. We are also right on the edge of the 3rd and 1st Gann square lines. Do we have enough momentum to continue this bullish direction? In the 4 hour chart,the crossing of the 14/21 DEMA historically has been accurate to predict future price. As of not to long ago this indicator has been bullish. I used the 14/21 indicator and bought in last night, before this big push! So we may indeed have the momentum.
2nd try to get a gann square to publish correctlyThe last time i published a gann square, the picture was grossly distorted. Lets see if it works better this time.
TV's native Gann square and fan drawing tools are ill-equipped to do this correctly, but one CAN fashion a decent square and save the template.
My guess is that price will break down when it reaches the next arc - we will seem soon enough. We are almost there now
